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 <p>The <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> Foundation has also promised to follow data protection laws and work with authorities to address privacy concerns. They plan to offer a digital identity system that allows businesses to use their technology without collecting personal data. For example, a coffee shop could use <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a>’s system to ensure each person claims only one free coffee.</p>  
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 <p>The <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> has also faced a backlash in some parts of the world for its “iris-scanning” technology to create digital IDs. However, <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> has shrugged off these concerns stating that their technology does more good, than bad.</p> 
 <h3 id="worldcoin-making-a-move-in-europe">Worldcoin Making A Move In Europe</h3>  
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 <p>Ricardo Macieira, the General Manager for Europe at Tools For Humanity, talked about their goal of creating a large financial and identity community through <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a>. They received a significant funding round of $115 million in May from investors like Blockchain Capital, a16z crypto, Bain Capital Crypto, and Distributed Global.</p> 
 <p>Macieira also mentioned that <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> will expand its operations to Europe, Latin America, Africa, and other accepting regions. The company’s website lists various potential uses, like distinguishing humans from artificial intelligence and aiding “global democratic processes.” They even suggest a “potential path” to universal basic income, although it’s not guaranteed. Note that the <a rel="noopener noreferrer nofollow" title="Worldcoin" href="https://thebittimes.com/tag/worldcoin.html">Worldcoin</a> project is already facing major investigations in the Europe.</p>  
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 <p>Macieira clarified that while they aim to support universal basic income, their main focus is to build the infrastructure so that governments or other entities can implement such programs. “The idea is that as we build this infrastructure and that we allow other third parties to use the technology,” told Macieira, to Reuters.</p> 
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Worldcoin Plans to Share Iris Technology With Third-Party Players

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TheBitTimes

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