Worldcoin - An Old Crypto Trick in New Clothing?

Worldcoin has generated a lot of attention lately, raised a lot of capital, and a lot of eyebrows across various countries and communities.

According to CoinFund’s investment thesis, Worldcoin could onboard more than 1 billion new users to crypto, including a new segment of users from developing countries with poor access to finance. All of this sounds good on paper.

On the other hand, there have been some serious concerns regarding Worldcoin’s exorbitant collection of biometric data, questions regarding their business plan, and what the project is actually good for. 

Check out a take on the many concerns HERE.

Why is identity important in financial services? - Decoding: Banks - Episode 5

From 11:FS. There are one billion people globally who can't prove their identity. That's a big problem for accessing financial services. Banks need to know your identity for a number of reasons. It helps them to combat money laundering, which they spend £28.7bn on every year. So you know they're not messing around. But why else? What is KYC? And does financial services have an identity problem?