Stablecoin has become a new financial jargon and its implications on personal finances are being explored. Cryptocurrency
SPACE ID, which offers Web3 Domain and Identity, can be bought in four steps according to a guide from June 2025. However, the biometric ID model, that coins like World are implementing, has raised concerns about violating self-sovereignty. Meanwhile,
CoinStats entered a partnership with SPACE ID amid the skyrocketing usage of Web3 Domain Names, and
Worldcoin saw a price surge of 28% amidst its global ID verification expansion. This comes as the
World ID project from World has recently launched in the US, though faced controversy for using
'Unwrapped' privacy meme to troll Spotify and had its crypto payments banned by Brazil's data watchdog.
Buenos Aires takes the lead by rolling out a
blockchain-based ID system for 3.6M residents, and Google Wallet integrates
ZK Proofs for private ID verification. Other
digital identity projects, like
Humanity Protocol and Worldcoin's ID verification service, have also expanded or launched recently.
Indonesia, however, has suspended the World project over suspicious activities, and Worldcoin is facing criticism for collecting identity data through ID verification that its
Pi Coin platform offers. Despite these controversies, Worldcoin has launched its ID service in Austria and is planning to do the same in the US soon. World's
Orb, which provides personal data protection, and
Solana, used for bridging World ID, are among the notable crypto projects.
A growing preference for decentralized identity in blockchain technology can be seen and SPACE ID has a bright future, according to its price prediction for 2023-2032. Worldcoin, however, noted a rebranding move and renamed itself as
'World', unveiling its next-generation Orb.
ID Coin News Analytics from Tue, 04 Sep 2018 12:25:58 GMT to Sun, 01 Jun 2025 07:00:00 GMT -
