The former head of Y Combinator wants to distribute UBI via cryptocurrency - and is testing an eye scanner that would identify recipients

Jack Taylor/Getty Image
Jack Taylor/Getty Image
A new cryptocurrency is aiming to distribute wealth to everyone on earth, Bloomberg reported.
Y Combinator's Sam Altman thought of the concept of Worldcoin in 2019.Now, the creators have developed a way to scan people's irises to assign the cryptocurrency.See more stories on Insider's business page.
A new cryptocurrency aims to distribute wealth to "every single person on earth" with the help of an orb-shaped device that would scan people's irises