Get the latest tech news

People are having their irises scanned in exchange for $50 in crypto


With an economic crisis gripping the nation, people are having their irises scanned in exchange for $50 in crypto.

Beaten down by the country’s 288% inflation rate and growing unemployment, they have flocked to Worldcoin Orb verification hubs, eager to get the sign-up crypto bonus offered by the company. Brian, who requested his last name be withheld due to fear of legal repercussions, told Rest of World he makes a profit by cashing in the WLD tokens given to new clients — most of whom have little knowledge of cryptocurrency. The iris-scanning points operate out of a range of locations, including nightclubs, bars, theaters, and train stations.Malena Saito, a writer and poetry teacher in Buenos Aires, began borrowing money from relatives about four months ago after her income dropped significantly.

Get the Android app

Or read this on r/technology

Read more on:

Photo of Exchange

Exchange

Photo of people

people

Photo of Crypto

Crypto

Related news:

News photo

Ethereum’s Cofounder Says SEC Is ‘Gaslighting’ Everyone About Crypto

News photo

Researchers develop new device modeled on leeches for taking blood samples using microneedles and a suction cup instead of a large needle. It is low cost, helps people with needle phobia, reduces risk of needlestick injuries and can be used by people without medical training.

News photo

Will Calls to Scrutinize Digital-Currency Purchases of Oil Bring New Regulations For Crypto?