Spain's High Court has affirmed its decision to maintain a temporary ban on an iris-scanning venture by Tools for Humanity, rejecting an appeal by the Worldcoin owner.
The court emphasized the priority of "safeguarding the public interest." In the event of a favorable judgment lifting the ban, Tools for Humanity would be compensated for any lost income, dismissing the appellant's argument of "irreparable damage," as reported by Reuters.
Data Protection Concerns Raised
Over 360,000 individuals in Spain have registered for Worldcoin, based on the latest company data from November. While Worldcoin asserts that the data is utilized for creating a secure form of identification, privacy experts express concerns about potential alternative uses, such as personalized marketing, per Euronews.
This has prompted investigations into Worldcoin's operations in other countries, including France and Germany. The Kenyan government has temporarily halted new sign-ups for Worldcoin amid an inquiry into data protection. According to CEO Alex Blania, Worldcoin, under the direction of Tools for Humanity, is prepared to introduce an upgraded version of its distinctive Orb device within the next six months.
The largest human network. pic.twitter.com/pVj2u89dZy
— Worldcoin (@worldcoin) February 18, 2024
The Worldcoin upgrade aims to provide users with alternative colors and form factors, fostering a more user-friendly appearance reminiscent of Apple products. Blania revealed these details during a presentation at a StrictlyVC event, underscoring the ongoing efforts to improve the device's design.
The Worldcoin Orb, known for its iris-scanning capabilities and assigning users a "World ID" for application access, has sparked intrigue and controversy. Described as a distinctive five-pound device resembling a chromatic bowling ball, it has drawn attention for its unique features.
Worldoin Orb's Expansion is Facing Opposition
TechTimes previously reported that field testing for the upcoming Orb upgrade has also been conducted. Facing criticism during beta testing for its focus on adoption in developing economies, Worldcoin initiated a global tour to cities like Tokyo, Miami, New York City, and San Francisco to broaden its reach.
The recent surge in user growth, with over 190,000 new accounts created in the past week, has propelled Worldcoin's total user count to 3.13 million. This substantial growth solidifies Worldcoin's significance in the dynamic cryptocurrency sector.
However, critics raise concerns about the trading of World IDs and potential security issues with the Orb. According to reports, Worldcoin's value primarily lies in speculative trading, especially in economically disadvantaged areas. Privacy risks and the popularity of Worldcoin also worry critics. Tools for Humanity CEO Alex Blania addressed biometric data concerns, emphasizing privacy measures.
Despite these critiques, Worldcoin remains steadfast in its vision, viewing its tokens as the foundation for a new economic system and a potential source of universal basic income. The intersection of legal challenges, technological advancements, and public perception makes Worldcoin a compelling player in the ever-evolving landscape of cryptocurrency.
