An eye-scanning biometric crypto project is plummeting after reportedly pulling out of Brazil, France, and India.
According to a new report by TechCrunch, digital ID-focused crypto asset Worldcoin (WLD), co-founded by OpenAI chief executive Sam Altman, is leaving the three nations just months after launching its Orb verification services.
Lily Gordon, a spokesperson for the firm that oversees Worldcoin, told TechCrunch that the protocol remains dedicated to “working with partners globally to ensure it meets regulatory requirements and provides a safe, secure and transparent service for verified humans.”
Worldcoin’s Orb is a helmet-shaped peripheral that scans people’s eyes to verify their identity. To use it, traders must first download the Worldcoin app, obtain a compatible crypto wallet, and then visit an Orb to receive their identification, or World ID.
In a follow-up email to TechCrunch, Gordon stated that the Orb services will be “temporarily scaled back” in India and the other countries, though no exact reason was specified.
However, according to TechCrunch, Worldcoin still plans to onboard people in India and recently went through an update, allowing it to differentiate between bots and humans and integrate user World IDs into marquee protocols such as Minecraft, Reddit, and Telegram.
The project’s native altcoin WLD plunged from its all-time high price of $4.73 on December 17th to trading for $3.59 at time of writing, a decrease of about 22%.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Click Here to Read the Full Original Article at The Daily Hodl…
