Worldcoin remains suspended in Spain due to the AEPD banning further biometric data processing, but in the rest of the world (or almost everywhere) the story is different, at least for now. Project exhaustion of scanning spheres. You can’t get as much as you need.

This is a sign of success for Tools for Humanity, the company behind Worldcoin. According to this Semaphore, has ten million users and processes an average of seven transactions per second. The rate at which more people are getting iris scans is faster than the production capacity of new devices.

A few spheres, many scans. There are currently between 300 and 500 globes spread around the world; This is a very wide range considering that this figure belongs to Alex Blania, the CEO and co-founder of the Sam Altman-backed company.

The launch of the Orbs software in March also serves to sufficiently accelerate its production, not least increasing its acceptance in the cryptography industry.

crowd problem. The crowds that form at every globe, as we saw in Spain until February, also add problems to the logistics management of these spheres and increase operational costs as we have to add security managers experienced in crowd control.

Moreover, the spheres were originally planned as something mobile, but this higher than expected adoption reduces mobility, giving way to fixed positions for a longer period of time.

There is no clear business model. In practice, Worldcoin gives money for registering on its platform. And from the beginning it had a mission to be a global currency, aiming to reach “billions” of users.

This did not go hand in hand with an obvious business model, beyond the desire to universalize cryptocurrencies and make the banking system obsolete. Of course, OpenAI didn’t do this either until they saw the possibilities of their product.

in Xataka | How does a teenager who allows Worldcoin to scan his pupil actually sign and opt out?

Featured image | Xataka