Virtual account-based transfer test in the US
Thai authorities judge biometric information collection illegal
On the 26th (local time), World App announced that it is testing a virtual account-based salary deposit function in the United States. Users can receive direct deposits, such as salaries, to the virtual account number given to them, and the deposited funds are immediately converted to USDC. They explained that they support bank deposit, international remittance, and payment functions without fixed fees, and that they are planning to expand the service country.
On the other hand, according to DL News, in Thailand, iris scan-based identity authentication Project World was ordered to delete over 1.2 million pieces of local user data collected.
Thailand’s Minister of Digital Economy and Society Chaichanok Chidchop said the Personal Data Protection Commission had called for World to suspend all operations in Thailand. Iris scanning operations have been suspended as the act of collecting biometric information in exchange for virtual assets was judged to be in violation of Thai data protection laws.
