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Worldcoin has been courting users with a plan as ambitious as it is controversial and was recently launched on July 24, 2023. Built on the promise of an equitably distributed, collectively owned digital currency, the company aims to amass a billion users by leveraging an unusual sign-up mechanism: iris scans.

Unearthed by ZachXBT on Twitter and citing an MIT Technology Review from 2022, they stated that the most unsettling part is “how the WorldCoin team has boasted about how many users they have. When in reality they have been exploiting people in developing countries.”

In 2022, MIT investigated how Worldcoin was able to amass as many iris scans as it could. Reporting that Worldcoin promised that “biometric information remains on the orb and is deleted once uploaded—or at least it will be one day” and $15 of Worldcoin, the research questioned just why Worldcoin targeted the Global South instead of crypto enthusiasts — those who have been even scanning their irises for content.

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Author: Emily Tonelli

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