WORLD 🌎
Argentina 🇦🇷
Worldcoin, a project by Sam Altman, has launched a program to combat identity fraud in Argentina. The company uses a technology called AMPC (Anonymized Multiparty Computation) to anonymize and protect user data.
*Project Features*
- It uses a device called ORB to scan the iris and verify identity.
- It also offers a verification method through passport reading.
- The company has developed a cryptocurrency called Wordcoin, which is granted to users who verify their identity.
- The project has over 2 million verified users in Argentina and 12 million globally.
*Security Plan*
- The company uses a multiparty anonymization protocol to protect user data.
- Data is stored in different databases managed by universities.
- The system makes it difficult for any attempts of unauthorized access or manipulation of information.
*Collaboration with Visa*
- Worldcoin plans a partnership with Visa to develop a revolutionary wallet focused on transactions with stablecoins.
- The vision is to make these currencies as accessible and commonplace as any other conventional payment method.$WLD