However, this surge in interest has led local authorities to issue warnings regarding the project\u2019s legitimacy and potential risks.<\/p>\n
The Central Bank of Ecuador has recently reiterated its stance against the use of digital assets for transactions. Their statement follows Worldcoin\u2019s launch of its World ID verification service, which became available at several locations in Quito and Guayaquil at the end of June. The service, which involves iris scanning for verification, has attracted many participants eager to earn Worldcoin tokens.<\/p>\n
Reports from local media suggest that while Worldcoin has gained traction, some participants may not be fully aware of the implications of sharing their biometric data. Concerns have been raised about the transparency of the process and the potential for exploitation.<\/p>\n