World Foundationwho runs the company worldcoinresponded this Friday to National Institute for the Protection of Consumer Rights (Pro Consumidor)an entity that suspended its operations in the country for violation of the law of data protection. The company assured that its practices in the country are legal and transparent.
In a statement, it disagreed with the suspension of operations and expressed that it maintains “the highest standards of privacy and transparency in full compliance with applicable laws and regulations in all markets where it operates.”
He assured that he can respond to any concerns from the authorities and stressed that his mission is “Empower people for the AI eragiving them access to financial systems and opportunities while protecting their privacy through cutting-edge technology.”
Pro Consumer temporarily closed operations worldcoin after verifying violation of Law 172-13, on the Protection of Personal Data.
worldcoin was founded in 2019 by Sam Altmanexecutive director of the company OpenAI, one of the great promoters of artificial intelligence. This project of biometric cryptocurrency with iris recognition is based in San Francisco and Berlin.
worldcoin It uses a digital proof in its operations that it calls “World ID”, which “securely and anonymously proves that you are a unique human.”
For purposes of verifying that you are “a unique human,” the company uses an app and a custom device called “the Orb,” where the person’s iris is captured.
