The Berlin and San Francisco-based start-up announced on Monday that its technology, including its Worldcoin token — a cryptocurrency traceable on the blockchain that requires users to first prove their identity — will be available in 35 cities across 20 countries.
Central to the effort is an eye-scanning physical “orb”, which Worldcoin’s founders say is necessary for a future in which distinguishing between humans and robots becomes increasingly challenging due to a surge in artificial intelligence technology. Once users have proved they are not robots, they can be issued one of the company’s tokens.
But the company’s goals face being stymied by US regulators cracking down on digital assets based on fears over cryptocurrencies being used as a vehicle for speculation and fraud. For this reason, Worldcoin tokens will not initially be available in the US.
Source:
Financial Times