Authorities eyeballing Worldcoin’s practices

<img width="250" height="141" src="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Authorities-eyeballing-Worldcoin-5043180598-250×141.png" class="webfeedsFeaturedVisual wp-post-image" alt="Authorities eyeballing Worldcoin’s practices" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Authorities-eyeballing-Worldcoin-5043180598-250×141.png 250w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Authorities-eyeballing-Worldcoin-5043180598-700×394.png 700w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Authorities-eyeballing-Worldcoin-5043180598-768×432.png 768w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Authorities-eyeballing-Worldcoin-5043180598-1536×864.png 1536w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Authorities-eyeballing-Worldcoin-5043180598-120×68.png 120w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Authorities-eyeballing-Worldcoin-5043180598-245×138.png 245w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Authorities-eyeballing-Worldcoin-5043180598-500×281.png 500w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-Authorities-eyeballing-Worldcoin-5043180598.png 2000w" sizes="(max-width: 250px) 100vw, 250px" /><p>Runners earn a commission, and, in Uganda for instance, station themselves at locations such as shopping centres, educational facilities, and sidewalks to connect with passersby. This marketing outreach aims to educate people on exchanging their biometrics for a globally recognisable digital ID, which will get them access to online banking and universal basic income. According to Worldcoin, over 2.2 million have already had their irises scanned.</p>
<p>In a CNBC interview, one such Ugandan runner detailed the recruitment and selection process to market Worldcoin’s approach. Among others, blockchain specifics were at the forefront and successful candidates had to pass training courses and examinations.</p>
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<p>However, governments stated their concerns, which mainly centre around <a href="https://www.leaprate.com/forex/data/data-privacy-and-the-importance-of-safeguarding-personal-data-experts-commentary/" target="_blank" rel="noopener">data privacy</a> issues, about this dystopian-like motivation and biometric joining process. Others also expressed an issue with the seeming fanaticism with which Worldcoin markets the concept, while some were simply happy to receive Worldcoins and trade such for actual currencies, even if just a small amount.</p>
<p>Kenyan officials froze Worldcoin’s technology and operations in its country. Others, including Germany, the UK, and France, will investigate Worldcoin’s business model before giving it the green light.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/technology/authorities-eyeballing-worldcoins-practices/">Authorities eyeballing Worldcoin’s practices</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>