Fabian Bodensteiner explained that the Worldcoin iris scanning project aims to prioritize markets where local companies and authorities are open to emerging technologies. The most promising markets for Worldcoin, according to Bodensteiner, are the countries of the Asia-Pacific region, including Japan and Malaysia, as well as the Latin American country Argentina.
“I wouldn’t say that Europe is our focus. We see greater dynamics in other regions of the world. Given that we do not have a thousand employees, we need to give priority to those jurisdictions where we will have more opportunities for expansion,” Bodensteiner said.
A top manager at Worldcoin explained that the company’s mission is to create a digital identification system that will prove that the user is a human and not a bot. This is extremely important as artificial intelligence (AI) develops and deepfake cases become more frequent. Over the past five years, it has become increasingly difficult to distinguish a human from a bot because “AI agents” behave just like humans, Bodensteiner said.
In March, a Spanish court granted the request of the Spanish Data Protection Agency (AEPD) to close the Worldcoin project in the country. AEPD fears that Worldcoin is illegally collecting biometric data from Spanish citizens. However, 90% of Spaniards expect the return of the crypto project – this is evidenced by the results of a survey by Tools for Humanity (TFH).
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.