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What happened 😮 $WLD
Worldcoin is a global digital currency that aims to create a decentralized identity system by using biometric data, like eye scans, to verify people's identities. The project was launched with the idea of creating a universal basic income (UBI) by distributing tokens to individuals in exchange for their biometric data.
However, Worldcoin has faced significant controversy due to privacy concerns, ethical questions about data collection, and regulatory scrutiny in various countries. Critics have raised issues around the security of the data, the potential for misuse, and the company's involvement in collecting sensitive biometric information on a large scale. These concerns have led to debates over the legitimacy and safety of the project.
As of now, Worldcoin continues to operate, but it's facing challenges related to its ethical implications and regulatory hurdles.
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Worldcoin is a global digital currency that aims to create a decentralized identity system by using biometric data, like eye scans, to verify people's identities. The project was launched with the idea of creating a universal basic income (UBI) by distributing tokens to individuals in exchange for their biometric data.
However, Worldcoin has faced significant controversy due to privacy concerns, ethical questions about data collection, and regulatory scrutiny in various countries. Critics have raised issues around the security of the data, the potential for misuse, and the company's involvement in collecting sensitive biometric information on a large scale. These concerns have led to debates over the legitimacy and safety of the project.
As of now, Worldcoin continues to operate, but it's facing challenges related to its ethical implications and regulatory hurdles.
~ FOLLOW ME GUYS ~
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