Tuesday, 27 February 2024

Crypto News

Worldcoin unveils World ID 2.0 with Telegram and Shopify integrations

Worldcoin to launch its WLD token and mainnet today

  • Worldcoin introduces an upgraded World ID 2.0 featuring seamless integrations with major platforms, including Shopify.
  • Shopify, Mercado Libre, Reddit, and Telegram users can now verify their humanity without divulging personal information curtsey of the integration.
  • World ID 2.0 also offers App developers flexibility allowing them to choose between “lite” and “max” authentication levels.

Worldcoin, the controversial digital currency, has launched an upgraded version of its World ID feature, known as “World ID 2.0.” This release introduces groundbreaking integrations with major platforms, including Shopify, Mercado Libre, Reddit, and Telegram.

The move by Worldcoin aims to redefine user authentication methods while addressing security concerns and minimizing losses attributed to fraudulent activities.

World ID 2.0: bridging security and convenience

The World ID 2.0 builds upon Worldcoin’s mission to provide secure and user-friendly authentication across a spectrum of applications. The platform integrates seamlessly with Shopify, Mercado Libre, Reddit, and Telegram, offering users the ability to prove their humanity without compromising personal information.

App developers now have the flexibility to choose from different authentication levels, ranging from “lite” to “max.” This innovation allows developers to tailor the security measures of their applications, ensuring that users share only the necessary information. For example, applications with heightened security demands may necessitate an orb-verified ID, while those focused on convenience may only require a “Device Auth” World ID tied to the user’s mobile phone.

This multifaceted approach is set to revolutionize user verification, providing diverse options for individuals based on the specific security requirements of the applications they use. Worldcoin contends that this strategic initiative will significantly reduce losses incurred by retailers, estimated at a staggering $100 billion annually due to issues like return fraud, bots, and coupon stacking, as reported by CNBC.

Controversy surrounding Worldcoin’s Iris scanning

Worldcoin has not been without its share of controversy, particularly regarding its highest-security level of authentication, which involves iris scanning.

Critics express concerns about potential leaks of biometric information…

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