As a seasoned crypto investor with a keen interest in projects that aim to bring real-world value and positive impact, I’m thrilled about the recent developments surrounding Worldcoin (WLD). The token’s surge of over 15% in a single day, reaching $3, is an exciting sign of progress for the project.
The value of Worldcoin (WLD) has significantly risen by more than 15% in a day, reaching $3. This growth can be attributed to recent advancements made by the Worldcoin team in executing their crypto project’s objectives.
Expansion Of Worldcoin’s World ID Provides Bullish Momentum
The Worldcoin team has revealed that World ID, their global identity system, is set to debut in Ecuador. Residents in this country can now verify their identities using the Orb device to become part of Worldcoin’s identity network. The team has indicated that verification sites will be accessible at six locations scattered across two major cities in Ecuador.
Starting from June 26, the process of validation will commence at Guayaquil’s port city. Simultaneously, verification sites for those aged 18 and above who wish to join the over 5 million individuals engaging with Worldcoin, will be established in Quito on June 27.
As a researcher studying the cryptocurrency market, I can confidently say that this latest development adds significant optimism to the Worldcoin token. The importance of Worldcoin in realizing the team’s goal of granting a global identity to every individual cannot be overstated. Furthermore, Worldcoin’s expansion into Ecuador is a welcome move, as it comes at a time when the project has faced intense regulatory scrutiny and negative publicity.
Worldcoin announced that its upcoming launch in Ecuador coincides with the expansion of the project in Argentina. This growth is facilitated by direct investments in the Argentine economy and the establishment of additional Orb verification sites. Notably, contributors like Tools for Humanity (TFH) are providing opportunities for at least 50 professionals, including developers, operations specialists, software engineers, data analysts, in Argentina.
Furthermore, Worldcoin disclosed plans to establish 50 ID orb verification sites and two experience stores in more than ten Argentinean cities. These facilities are projected to commence operations this summer.
More Good News For Worldcoin
Kenya’s local media, The Star, recently reported that the government has dropped its investigation into Worldcoin. Worldcoin had earlier had to suspend its World ID verifications in the country following allegations of unlawful collection and transfer of personal data belonging to locals.
After thoroughly examining and evaluating these accusations, I, as an analyst, can confirm that the Directorate of Criminal Investigations (DCI) in the country found them to be baseless. Consequently, the investigation was ordered to be concluded with no additional involvement from law enforcement authorities. The Star reported that this outcome is expected to allow Worldcoin to resume its business activities in Kenya.
Approximately 635,000 Kenyans have installed the World App from Worldcoin, but over 317,500 of these users have not yet confirmed their identities using the Orb.
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2024-06-21 15:40