This marks the first large-scale implementation of encrypted iris biometrics tied directly to cryptocurrency transactions, reaching 14M verified users - far exceeding previous biometric payment systems. The combination of coSNARKs cryptography with iris scanning creates an unprecedented level of immutable personal identification that can't be faked or duplicated, while paradoxically promising data privacy.
World Network: 14M Users Now Linked to Iris-Based Digital Currency
📰 What Happened
Austrian tech firm Taceo has secured $5.5M in seed funding to scale its biometric iris matching software powering the World Network's digital identity system. The platform has verified 14M users across 160 countries using iris scans for cryptocurrency access. The system employs advanced cryptography including coSNARKs to enable secure identity and payment verification without exposing personal data. World Network reports 30M total users and over 500M transactions in just two years.
📖 Prophetic Significance
The rapid adoption rate (14M verified users in 2 years) demonstrates how quickly a global economic identity system could be implemented. The technology's ability to process 500M transactions while maintaining encrypted privacy addresses a key adoption hurdle - people's data concerns. Taceo's expansion beyond crypto into mainstream financial services and AI, backed by major venture capital, shows how biometric identity systems are becoming integrated into conventional banking. This creates the technical foundation for a system where economic participation requires biometric verification, exactly as prophesied in Revelation 13.