An eye-scanning biometric crypto project is plummeting after pausing operations in Brazil, France, and India.
The digital ID-focused crypto asset Worldcoin (WLD), co-founded by OpenAI chief executive Sam Altman, says operations are now temporarily paused in the three countries.
The Worldcoin Foundation tells 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.
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%.
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