Sam Altman, Worldcoin’s cofounder, shared a video indicating a lengthy queue of persons in Japan allegedly waiting to pick Worldcoin tokens worth 50 dollars or 25 WLD. Amid talks concerning the reduced interest in Worldcoin, a blockchain initiative aimed at creating a user identity system, Sam revealed a video showing persons in Japan queuing to exchange iris scans for ‘free’ Worldcoin tokens.
Lengthy Queues as Individuals Embrace Worldcoin
In the video, lengthy queues of individuals in the country are allegedly waiting to pick Worldwide tokens worth 50 dollars. All they need to do is to offer their identification via an iris scan. As he shared the video showing people lining up for the Orb, Altman wrote that every 8 seconds, each person is getting verified. Nevertheless, Worldcoin is yet to reply to request to confirm the truth of what is circulating on Twitter.
An explanation in the Worldcoin introductory letter describes the Orb as a biometric authentication device that offers a WorldID to users after the successful collection of biometric information. The firm intends to advance the onboarding process internationally by creating Orb locations globally.
Japanese Investors Leading Uptake of Worldcoin
Despite Japanese investors revealing more interest in Worldcoin, few had the same eagerness. A review of Worldcoin uptake on the first day reveals 200 signups were reported in the three Orbs in Hong Kong.
On the surface, the sign-ups appear as a step towards the adoption of crypto. However, businesspersons, including Jack Dorsey, Twitter’s cofounder, and Vitalik Buterin, Ethereum’s cofounder, are certain the projected system would be disastrous if it functioned against the ethos that form the basis of the crypto environment. They include accessibility, privacy, and decentralization.
Worldcoin to Encounter Regulators Scrutiny
Worldcoin is likely encountering concerns from United Kingdom’s data regulators. Allegedly, the Information Commissioner’s Office has criticized the move due to privacy and the safety of crucial biometric information. Nevertheless, a spokesperson at the body claimed they are yet to make a public announcement to verify or refute whether they are investigating Worldcoin.
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