Payments are made in the form of Worlds own token but can be converted to other currencies.
A fix to the problem of bots figuring out how to solve CAPTCHAs.
And as humans and bots become nearly indistinguishable, websites like Reddit need a way to combat the junk.
Juan Mabromata/AFP/GettyWorld, the company using eye scans to verify identity online, is paying developers to make apps that rely on its World ID system.
But without iris scans, there is no reason for developers to make an app that utilizes them.
Worlds first attempt at addressing this was issuing a cryptocurrency to new users.
Now, it aims to onboard people with actual utilities.
World now includes Mini Apps, which it defines as everyday apps optimized for real humans.
They run directly within the World app and integrate with a users World ID.
There are over 150 mini-apps available today, ranging from games to lending and payment apps.
Loans can range from as low as $5 up to $100.
Credit is designed so that users can get access to increasingly larger loans as they make on-time repayments.
Estevez says Credit has issued 15,000 loans to date.
The company has faced controversy on numerous fronts.
Some critics have noted thatiris patterns appear to changeas people age, posing a problem for Worlds biometric scanners.
World faces an uphill battle assuaging concerns that the technology could be abused to track peoples activity and whereabouts.
for logging into Redditbut the code cannot be reversed to generate an iris.
Whether that is enough to make people comfortable with scanning their eyeballs is yet to be determined.
World claims that more than 12 million individuals have created World IDs to date.
The companys orbs have not yet been made widely accessible in the U.S. yet.
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