"Sam Altman's Worldcoin Revolutionizes Crypto with International Rollout"

1 min read
Source: Reuters.com
"Sam Altman's Worldcoin Revolutionizes Crypto with International Rollout"
Photo: Reuters.com
TL;DR Summary

OpenAI CEO Sam Altman has launched Worldcoin, a cryptocurrency project that offers World IDs, which are accounts that only real humans can obtain. To get a World ID, users must undergo an in-person iris scan using Worldcoin's 'orb'. The project has already gained 2 million users during its beta period and is expanding its operations to 35 cities in 20 countries. World IDs can be stored on cryptocurrency blockchains, ensuring privacy and preventing control by a single entity. Altman believes Worldcoin can help address the economic impact of generative AI and potentially pave the way for universal basic income (UBI) by reducing fraud. Binance, the largest cryptocurrency exchange, plans to list Worldcoin.

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