The new initiative brings stablecoins closer to everyday utility with one of the world's most trusted payment brands.

While private firms push their human and identity verification projects forward, governments are taking advantage of their positions to control and get ahead of the trend.

Humanity Protocol, a palm vein scanning supported identity verification firm, has recently achieved a valuation exceeding $1 billion following a successful funding round.

The protocol formerly known as Worldcoin is trying hard to expand south of the U.S. border, but legal hurdles continue to hinder its ambitions.

Even if Worldcoin identification manages to distinguish people from bots, they might not be able to distinguish people from people.

PayPal and its U.S. subsidiary Venmo now let users search Ethereum wallet addresses using their ENS domain.

Country authorities continue to create barriers for Worldcoin to have the "worldwide" reach it originally envisioned.

The increase in sophisticated cyber security threats is driving organisations to adopt self-sovereign identity solutions.