$WLD
Today I woke up with doubts about what is behind these virtual accounts that are being given to us Latinos and I found the true intention, I share it so that everyone can take a stance and decide how to navigate in this ecosystem, I would love to read your thoughts. š¤ -bela š«¶š»
ā¢ The USD account of World App is indeed backed by a real bank in the U.S., but it is not a personal bank account in your name. It is a custodial account.
ā¢ Its function is not to help you, but to keep the money within the World ecosystem so that you do not enter, withdraw, and leave.
ā¢ World App aims to become a complete infrastructure:
digital identity + wallet + payments + money conversion.
ā¢ Countries like Colombia are key because:
ā¢ receiving USD is difficult and costly
ā¢ here is high informality
ā¢ adoption is rapid
ā¢ They do not only collect identity: they analyze economic behavior (how you receive, convert, and use money).
ā¢ Use it as:
ā¢ a temporary reel to receive or move money
ā¢ a tool, not a financial base
ā¢ Do not use it as:
ā¢ your main bank
ā¢ a place to store large sums
ā¢ a system you depend on
Are we getting closer and closer to the utopian decentralized economy #DeFi ? #Worldcoin #worldapp