Volunteering Iris Scans for Crypto Tokens in Argentina
Argentines are volunteering to have their irises scanned in exchange for crypto tokens as part of a biometrics project by Worldcoin, despite concerns about privacy and security in several countries. The project aims to create a digital identification system using iris data for online transactions.
Key Points
- Over half a million Argentines have participated in the Worldcoin project
- Iris data is used for identification purposes and not shared with third parties
- Regulators in Kenya, Spain, and Portugal have ordered a pause in data collection
Pros
- Provides economic incentive for individuals facing financial difficulties
- Creates a digital identification system for secure online transactions
Cons
- Raises privacy concerns due to the sensitive nature of biometric data
- Regulators worldwide are investigating the project