Identity

World

Universal Basic Income

Worldcoin

World ID

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/worldcoin-creates-a-global-identity-and-financial-network/" data-wpel-link="internal">Worldcoin Creates a Global Identity and Financial Network</a> 
Worldcoin (WLD) is a digital identity project aiming to create a globally accessible identity and financial network for everyone. The project preserves privacy by using the Orb device, which captures an iris image to verify users’ uniqueness, and the Proof of Personality protocol. Worldcoin operates in over 35 countries with significant updates like World ID 2.0 and integrates with various platforms for identity verification. 
<h2 style="text-align: justify" id="strong-what-is-worldcoin-wld-strong">What is Worldcoin (WLD)?</h2> 
Worldcoin is a groundbreaking digital identity project aiming to create an inclusive global identity and financial network. Launched in October 2021 by Alex Blania, Max Novendstern, and OpenAI co-founder Sam Altman, the initiative aims to be accessible to everyone regardless of their country, background, or economic status. Tools for Humanity (TFH), founded by the co-founders in 2019, led the initial research and development of Worldcoin. The project’s ambitious goal was to develop a universal currency, initially planned to be distributed to one billion people via AirDrop, potentially serving as Universal Basic Income (UBI). However, the challenge of distinguishing humans from online bots made the AirDrop process problematic. 
To solve this issue, the Worldcoin team introduced the Orb device, a biometric hardware tool that captures the user’s iris image to create a unique World ID. This image is converted into a numerical code, ensuring each user’s uniqueness without revealing their real identity. Additionally, the team developed the Proof of Personality (PoP) framework and protocol using an extended version of <a href="https://en.coin-turk.com/ethereum-sees-significant-drop-in-transaction-fees/" data-wpel-link="internal">Ethereum</a>‘s zk solution Semaphore. This combination helps verify human uniqueness while preserving privacy. In October 2021, the project team deployed Orb prototypes in twelve countries across four continents, hiring the first 25 Orb Operators. 
TFH established the Worldcoin Foundation, a non-profit organization, on October 31, 2022, to oversee and manage the project towards community governance. The project’s intellectual properties, including smart contracts, SDKs, and patents for the Orb device, were transferred to the Worldcoin Foundation. As of January 2023, Worldcoin’s Orb-verified user registrations exceeded one million. 
Several significant events have marked Worldcoin’s development. On June 29, 2023, Okta’s Auth0 Marketplace integrated Worldcoin “login” processes using World ID. Talent Protocol became the first Web3 platform to support World ID for identity verification on July 6, 2023. Moreover, as of July 2023, World ID registrations surpassed two million users. On July 20, 2023, the World ID SDK was released, allowing developers to integrate World ID into applications. On the same day, Worldcoin moved its operations to Optimism, bridging Ethereum, Polygon, and Optimism. By July 24, 2023, Worldcoin had distributed the first fully built 1,500 Orb devices to various countries and officially launched verification operations in over 35 countries. 
The World App update introduced on September 18, 2023, reduced transaction costs on Optimism by introducing transaction batching. On October 22, 2023, the Worldcoin Foundation extended its first credit agreements with market makers, reducing the credit amount to 75 million WLD. On November 28, 2023, Worldcoin partnered with Ramp to enable the conversion of WLD to fiat currency through the World App. 
Additionally, the optional data retention feature in favor of personal data storage was removed, and a wallet bridge was introduced. Furthermore, on December 14, 2023, Worldcoin open-sourced IRIS, an end-to-end iris recognition system, and signed a new agreement with the first market makers to lend 10 million WLD over six months starting from December 2023. 
Among the latest developments is the introduction of World ID 2.0 on December 13, 2024. This major upgrade will bring new integrations with platforms like Reddit and Discord, a new Worldcoin App Store, and three levels of user verification. 
<h2 style="text-align: justify" id="strong-how-to-buy-worldcoin-wld-with-try-strong">How to Buy Worldcoin (WLD) with TRY?</h2> 
Binance TR is the most suitable cryptocurrency exchange for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> in Turkey who want to buy Worldcoin (WLD). Over 100 cryptocurrencies, including WLD, can be bought and sold on Binance TR, where an account can be quickly created. Follow the steps below to buy Worldcoin (WLD) with TRY on Binance TR. 
<h3 style="text-align: justify" id="strong-how-to-open-an-account-on-binance-tr-strong">How to Open an Account on Binance TR?</h3> 
Opening an account on Binance TR is quite easy. You need to go to trbinance.com and proceed from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-335080" src="https://coin-turk.com/wp-content/uploads/2024/03/Binance-TR-Hesap-Nasil-Acilir.png" alt="" width="3360" height="1838"> 
After entering the requested information completely and accurately, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC). 
<h3 style="text-align: justify" id="strong-how-to-verify-an-account-on-binance-tr-strong">How to Verify an Account on Binance TR?</h3> 
Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to perform the verification process from your phone or through Binance TR’s official website. Note that you will need your mobile phone to verify your identity from the website. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336960" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Kimlik-Dorgulama-KYC.png" alt="" width="3360" height="1890"> 
On the Binance TR website, hover over the “Profile” option at the top right, select “Identity Verification and Limits” from the drop-down menu, and then click “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click “Copy URL” to send the identity verification address to your phone via SMS. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336950" src="https://coin-turk.com/wp-content/uploads/2024/04/BTC-TR-Kimlik-Dogrulama-QR-Kod.png" alt="" width="626" height="502"> 
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, continue by tapping the “Identity” option first. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336962" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Kimlik-Dorgulama-Belge-Tipi.png" alt="" width="623" height="365"> 
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you and continue. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336961" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Belge-Tipi.png" alt="" width="626" height="491"> 
After selecting the document type, continue by tapping the “Upload Front” option. After taking a photo of the front side of the document according to the document type you selected, tap the “Upload Back” option and take a photo of the back side of the document and upload it. Ensure that the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license. 
Then continue by tapping the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Ensure that your face fills the camera area as much as possible after the camera opens. 
After completing all these steps accurately and completely, your identity verification process will be completed within a short time. 
<h3 style="text-align: justify" id="strong-how-to-deposit-tl-on-binance-tr-strong">How to Deposit TL on Binance TR?</h3> 
You can easily deposit TL into your Binance TR account from all banks. You can deposit and trade 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts without interruption. Deposits from other banks can be made 24/7 with FAST up to 50,000 TL. Deposits over 50,000 TL from other banks are processed within EFT hours. 
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336964" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Para-Yatirma.png" alt="" width="3360" height="1892"> 
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking the “Other Banks” option. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336976" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Bankalar.png" alt="" width="3360" height="1388"> 
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can transfer money via transfer, EFT, or FAST. All you need to do is transfer the amount you want to deposit into your Binance TR account using the information displayed on the page of your preferred bank. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336977" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Turk-Lirasi-Yatirma.png" alt="" width="3360" height="1888"> 
After your bank completes the transfer process, the funds you sent will be automatically reflected in your Binance TR account wallet. 
<h3 style="text-align: justify" id="strong-how-to-buy-wld-coin-with-tl-on-binance-tr-strong">How to Buy WLD Coin with TL on Binance TR?</h3> 
After the deposit process, you can proceed to the TL to WLD coin purchase step by clicking the “Buy-Sell” option in the top left menu of the Binance TR website. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336990" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-LINK-Al-Sat.png" alt="" width="3360" height="1892"> 
After clicking this option, the page below will open. Type “WLD” in the search box on the right side of this page and click on the WLD/TRY option from the results to go to the TL to WLD purchase page. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-367613" src="https://coin-turk.com/wp-content/uploads/2024/07/tl-ile-wld.png" alt="" width="3360" height="1890"> 
Now the WLD trading page below will open. In the red-marked area on this page, you need to enter the price at which you want to buy WLD in the first box and the number of WLD you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy WLD” button. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-367612" src="https://coin-turk.com/wp-content/uploads/2024/07/tl-ile-wld-coin.png" alt="" width="3360" height="1888"> 
<h2 style="text-align: justify" id="strong-what-is-binance-tr-strong">What is Binance TR?</h2> 
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com. 
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR. 
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced <a href="https://newslinker.co/category/cybersecurity/" target="_blank" rel="noopener" data-wpel-link="exclude">security protocols</a>, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/worldcoin-creates-a-global-identity-and-financial-network/" data-wpel-link="internal">Worldcoin Creates a Global Identity and Financial Network</a></h5>

Worldcoin Creates a Global Identity and Financial Network

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