Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Last week, there were a total of 31 public financing events in the cryptocurrency market, with a cumulative financing of approximately 483 million USD | Investment and Financing Weekly Report – ChainCatcher
  • Trusted Bitcoin Platforms Every Investor Should Know
  • Learn Money-Making in Crypto
  • Mexican government unveils $540M industrial hub to lure investments
  • Leading by example: EBL’s bold push into sustainable finance
  • AP’s Tourism Receives Major Boost With ₹12,000 Crore Investments
  • Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter
  • Clacton Arts Centre gallery to celebrate first anniversary
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Cryptocurrency»The Risks of Iris Scanning for Cryptocurrency in Peru
Cryptocurrency

The Risks of Iris Scanning for Cryptocurrency in Peru

June 8, 20243 Mins Read


  • Lennin Cenas points out that cybercriminals could use iris biometric data to impersonate identities.
  • Investigations in several countries question Worldcoin over concerns about privacy and biometric data security.

In Peru, consumer protection experts have raised serious concerns about the practice of iris scanning in exchange for cryptocurrency rewards, drawing attention to the significant risks associated with sharing such sensitive biometric data.

Jaime Delgado, a Peruvian lawyer and consumer advocate, has voiced strong opposition to the method employed by the Worldcoin project, likening it to “selling your organs.”

Delgado highlighted the dangers of trading crucial personal identification for minor economic benefits, suggesting that such an exchange could pose a severe threat to one’s future security. 

“Selling your eye’s iris for a few cents or your biometric identity feels akin to selling your organs,” 

Delgado stated, emphasizing the lack of assurances that the data will not be misused in the future.

The controversial cryptocurrency initiative continues to face criticism across Latin America. In Peru, particularly in the districts of Miraflores, Surco, and Lince in Lima, people are drawn to scan their irises at devices known as Orbs.

These locations register a daily influx of more than 500 individuals, each hoping to earn a handful of WLD tokens, worth approximately 180 Peruvian soles.

However, the use of such biometric data has raised alarms about potential misuse. Lennin Cenas, an engineer specializing in artificial intelligence, warned that cybercriminals could exploit iris data for identity theft.

 “The iris code is unique and lasts a lifetime. With the ongoing advancement of AI, it’s uncertain what might occur in the future or how much the technology will evolve,” Cenas explained, stressing the importance of guarding such personal information.

The implications of these privacy concerns are widespread, with several countries, including Chile, Mexico, France, Germany, the United Kingdom, Kenya, Nigeria, Argentina, Spain, South Korea, Hong Kong, and Portugal, initiating investigations into Worldcoin. 

In some cases, such as Spain and Portugal, authorities have even moved to expel the project over privacy issues and concerns about the participation of minors in iris scanning.

Despite assurances from Worldcoin’s executives that the iris data is not stored and only used to verify human identities, skepticism remains. They have pledged to erase all data traces from the scanning devices, yet the controversy continues, highlighting a global apprehension about the security and ethical implications of such technology.

In Chile, despite criticisms, authorities are considering collecting biometric data from residents “to verify them,” claiming that it is safer to entrust such sensitive information to governments rather than private companies.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Last week, there were a total of 31 public financing events in the cryptocurrency market, with a cumulative financing of approximately 483 million USD | Investment and Financing Weekly Report – ChainCatcher

September 1, 2025 Cryptocurrency

Trusted Bitcoin Platforms Every Investor Should Know

August 31, 2025 Cryptocurrency

Learn Money-Making in Crypto

August 31, 2025 Cryptocurrency

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025 Cryptocurrency

Real Estate for Cryptocurrency in 2025: Where and how to buy

August 29, 2025 Cryptocurrency

What Role Does User Education Play In Enhancing Cryptocurrency Cybersecurity?

August 29, 2025 Cryptocurrency
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Last week, there were a total of 31 public financing events in the cryptocurrency market, with a cumulative financing of approximately 483 million USD | Investment and Financing Weekly Report – ChainCatcher

September 1, 2025 Cryptocurrency 1 Min Read

Last week, there were a total of 31 public financing events in the cryptocurrency market,…

Trusted Bitcoin Platforms Every Investor Should Know

August 31, 2025

Learn Money-Making in Crypto

August 31, 2025

Mexican government unveils $540M industrial hub to lure investments

August 31, 2025
Our Picks

Last week, there were a total of 31 public financing events in the cryptocurrency market, with a cumulative financing of approximately 483 million USD | Investment and Financing Weekly Report – ChainCatcher

September 1, 2025

Trusted Bitcoin Platforms Every Investor Should Know

August 31, 2025

Learn Money-Making in Crypto

August 31, 2025

Mexican government unveils $540M industrial hub to lure investments

August 31, 2025
Our Picks

Real Estate for Cryptocurrency in 2025: Where and how to buy

August 29, 2025

MoU inked for investments in decarbonising technologies | Latest News India

August 29, 2025

What Role Does User Education Play In Enhancing Cryptocurrency Cybersecurity?

August 29, 2025
Latest updates

Last week, there were a total of 31 public financing events in the cryptocurrency market, with a cumulative financing of approximately 483 million USD | Investment and Financing Weekly Report – ChainCatcher

September 1, 2025

Trusted Bitcoin Platforms Every Investor Should Know

August 31, 2025

Learn Money-Making in Crypto

August 31, 2025
Weekly Updates

Scottish cities ranked among the best city breaks in the UK

June 22, 2024

Art Works Group’s Cassi Young Is Bringing A Fresh Eye To Fine Art In Singapore

October 28, 2024

BitoGroup and Bankee Partner on Crypto-Friendly Bank Accounts

June 21, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.