World Launches Self-Custodial App Called World Money
(14 days ago) · 1 source · Summarized by CryptoBipto
World, the project formerly known as Worldcoin, has launched a self-custodial application called World Money. The app is described as a 'super app' that combines multiple financial functions into a single platform. The launch represents a significant product expansion for the identity-focused crypto project.
WHY IT MATTERS
Self-custody means you hold your own digital keys — think of it like keeping cash in your own safe rather than in a bank vault. World Money is being called a 'super app,' which is a term borrowed from apps like WeChat in China that let you do many things (messaging, payments, shopping) in one place. For people new to crypto, this is notable because it shows how crypto projects are trying to make their tools easier to use by combining multiple features into a single app, rather than requiring users to juggle several different services. The self-custodial aspect is important because it means the company says it does not hold your funds for you — you are responsible for your own assets, which offers more control but also more responsibility.
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- cointelegraph.com
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