ID Coin has been a hot topic in the cryptocurrency world, given its association with various digital identity projects. The US Treasury is eyeing ID verification in DeFi smart contracts, symbolizing a potential shift towards using digital ID verification more broadly in financial transactions.
Both Apple and the European Union have shown interest in digital identity solutions, Apple introducing its own digital ID and the EU placing strict ID checks for crypto transactions. False identities and scheming resulted in a $640,000 identity theft and gold coin scheme, highlighting the need for robust identity verification. With
ID Coin's blockchain, such fraudulent activities could be minimized.
ID Coin can lead the cryptocurrency market onto a privacy-primary culture, as observed with the launch of Self, a zero-knowledge identity startup that raised $9M, and Allett Coin Wallet 2.0, which prioritizes slim, durable, anonymous crypto wallets.
On the global scale,
ID Coin is being embraced, with nations like Congo and Rwanda launching digital ID projects in collaboration with Singaporean firms and US firms. Moreover, the World Economic Forum is exploring blockchain-based digital ID, reflecting a growing acceptance of this identity solution.
However, there's resistance too, as seen with thousands protesting in London over UK plans for a digital ID. Despite this,
ID Coin seems poised for further growth as countries like Vietnam and Argentina expand their borders to implement advanced ID projects.
ID Coin News Analytics from Wed, 07 Feb 2018 08:00:00 GMT to Tue, 18 Nov 2025 10:00:20 GMT -
Rating 8
- Innovation 8
- Information 7
- Rumor 4
