$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. đ€ -bela đ«¶đ»
âą 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.
âą 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.
âą World App aims to become a complete infrastructure:
digital identity + wallet + payments + money conversion.
âą Countries like Colombia are key because:
âą receiving USD is difficult and costly
âą here is high informality
âą adoption is rapid
âą They do not only collect identity: they analyze economic behavior (how you receive, convert, and use money).
âą Use it as:
âą a temporary reel to receive or move money
âą a tool, not a financial base
âą Do not use it as:
âą your main bank
âą a place to store large sums
âą a system you depend on
Are we getting closer and closer to the utopian decentralized economy #DeFi ? #Worldcoin #worldapp