Sam Altman's strange orb can scan your iris to find crypto.Hello WorldcoinSam Altman, a prominent tech entrepreneur and OpenAI CEO, is back with Worldcoin. It promises to distribute a new cryptocurrency for every human being on Earth.Of course, there are many challenges to this. Not least is the fact that 59.5 percent have internet access.Bloomberg reports that Altman wants Worldcoin, a crypto currency, to travel the globe with an orb-like device that scans people's eyes before distributing the cash.Universal CryptoAltman has been a long-standing advocate for universal basic income. Bloomberg reports that Altman tried several times to implement the idea during his time at Y Combinator. However, they were plagued by delays and complications. He now sees Worldcoin, however, as a way to distribute wealth directly and to all those who need it.AdvertisementAdvertisementAltman explained to Bloomberg that I have been interested in universal basic income, global wealth redistribution, and how we can improve it. Is it possible to use technology to achieve this global goal?It is worth noting that Worldcoin's plans for making money are still a bit unclear.Beta OrbWorldcoin has launched a beta test where participants scan their iris with $5,000 orbs to get crypto. Worldcoins crypto is still in its initial stages of development so they are paying volunteers in Bitcoin.Bloomberg was informed by Blania that iris scans are an essential part of the startup's authenticity protocols. However, he acknowledged that some people may be reluctant to trust a small crypto startup their biometric data. He promised, however, that the company would be transparent to ensure that people have confidence that their personal information will not be misused.AdvertisementAdvertisementREAD MORE: Sam Altman Wants To Scan Your Eyeball for Cryptocurrency [Bloomberg]Sam Altman: AmeriCoin is a brilliant and enduring idea to tokenize the US dollarFuturism readers are invited to join the Singularity Global Community. This is our parent company's forum for futuristic science and technology discussions with other like-minded people around the globe. Sign up today to get started!
