Worldcoin, a crypto project that aims to provide universal access to the global economy, has achieved remarkable success in Argentina, where it verified 9,500 World IDs daily in August.
Worldcoin is a crypto project that aims to provide universal access to the global economy regardless of country or background. It is designed to become the world’s largest human identity and financial network, giving ownership to everyone.
One of the key features of Worldcoin is its World ID, a global identity protocol powered by the Worldcoin ecosystem.
This unique system uses a proof of personhood (PoP) credential facilitated by the Orb, a state-of-the-art biometric scanning device that verifies users by scanning their retinas.
The beauty of World ID lies in its ability to digitally affirm a person’s uniqueness without delving into personal details like names, emails, or phone numbers.
Argentina Embraces Worldcoin
Worldcoin has made significant strides in the South American nation of Argentina, where its popularity soared to unprecedented heights in August.
The country, known for its technological prowess and crypto-forward mindset, also saw a staggering 9,500 citizens verify their World ID daily.
This achievement set a new record for Orb verifications, translating to a new user being onboarded every nine seconds.
Alex Blania, the co-founder of Worldcoin and the CEO of its parent company, Tools for Humanity, shared insights into the project’s success during his appearance at the Ethereum Argentina Mainnet Stage.
He emphasized Argentina’s deep understanding of crypto’s fundamental principles and lauded the nation as one of the most crypto-forward countries globally.
Blania eloquently stated, “Argentina’s blend of technological advancement and crypto enthusiasm creates a fertile ground for groundbreaking innovations in the crypto realm.”
Worldcoin’s Orbs are currently operational in four major Argentine cities: Buenos Aires, Mar del Plata, Cordoba, and Mendoza.
The project’s traction in Argentina is commendable, especially considering the ongoing scrutiny by The Agency for Access to Public Information (AAIP) regarding its data handling practices.
Yet, despite the challenges, Worldcoin continues to thrive. The project’s mission resonates with the global objective of providing access to the global economy to over 4 billion people who currently lack a legal, digitally-verifiable identity.
The Next Phase of Worldcoin
Worldcoin’s journey in Argentina is just the beginning.
As more nations recognize the potential of crypto and its transformative power, projects like Worldcoin will undoubtedly play a pivotal role in shaping the future of global finance.
At the time of this writing, Worldcoin is experiencing a downward trend in the market.
WRL has recorded a price dip of 9.48% in the past 24 hours, currently trading at $1.19.
