$WLD Today I woke up with several questions about what really lies behind these virtual accounts that are being offered especially to the Latino community. Upon researching a bit more, I found out their true intention. I'm sharing this so that everyone can draw their own conclusions and decide how to navigate within this ecosystem. I would love to read your opinions. ๐ค
โ Bela ๐ซถ๐ป
โข The USD account of World App is indeed backed by a real bank in the United States, but it is not a personal bank account in your name; rather, it is a custodial account.
โข Its main objective is not to benefit you directly, but to keep the money circulating within the World ecosystem, preventing you from entering, cashing out, and leaving easily.
โข World App aims to become a comprehensive infrastructure that combines digital identity, wallet, payments, and currency conversion.
โข Countries like Colombia are strategic because:
โข receiving dollars is complicated and expensive,
โข there is a high level of informality,
โข and the adoption of these solutions tends to be quick.
โข Not only is identity information collected, but financial behavior is also analyzed: how you receive, exchange, and use your money.
โข It is recommended to use it as:
โข a temporary channel to receive or move funds,
โข a specific tool, not as a financial base.
โข Avoid using it as:
โข your main bank,
โข a place to store large amounts of money,
โข a system you depend on completely.
Are we really getting closer to the promised decentralized economy?
#defi #Worldcoin #WorldApp