Worldcoin, a digital currency project, has achieved a record-breaking number of new users in a span of 24 hours. The company registered 9,500 new users in the country, meaning a new user signed up every 9 seconds. The goal of Worldcoin is to establish a global universal basic income (UBI) system, providing cryptocurrency to every person on Earth. Backed by Sam Altman, the founder of OpenAI, the project has received funding from prominent venture capital firms and has attracted advisors with expertise in cryptocurrency, economics, and technology.
Key Points:
– Worldcoin aims to create a global UBI system and alleviate poverty.
– The project has obtained funding from Andreessen Horowitz and Coinbase Ventures.
– Worldcoin’s investigation in Argentina revolves around its identity verification system using eye scans.
– The Argentine Agency for Access to Public Information is reviewing the legality of Worldcoinโs data collection practices in Argentina.
– Similar investigations have taken place in France, the UK, and Kenya, leading to project activities being suspended until government concerns are addressed.
Hot Take: Worldcoin’s rapid growth and ambitious goal of implementing a global UBI system make it a project worth keeping an eye on. However, the ongoing investigations raise concerns about privacy and legal compliance that need to be addressed for the project to succeed in different jurisdictions.
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