Digital Assets: 1% Of Chileans Sign Up For Worldcoin; Rush Seen In Argentina, Too
Worldcoin (WLD) has shot up 84% over the past two weeks.
Worldcoin, the innovative biometric wallet and ID project, is making significant waves in Chile as it surpasses a remarkable milestone. The organization has reported that over 200,000 Chileans have embraced Worldcoin, representing more than 1% of the country’s population. This surge in popularity mirrors similar trends in other South American nations, such as Argentina, where an astonishing 9,500 Argentines verified their IDs within a single day.
Worldcoin’s approach relies on biometric iris scanning as “proof of personhood.” In Chile, it has garnered tremendous support, with 200,000 residents enrolling since its launch. Considering Chile’s population of approximately 19.5 million, this achievement signifies that more than 1% of the nation has eagerly embraced Worldcoin, anticipating the rewards it offers in the form of WLD, the protocol’s native token.
This burgeoning interest in South American countries has prompted Tools For Humanity, the contributors behind Worldcoin, to expand its operations in Chile. They have established additional verification stations in Vina del Mar and Concepcion, complementing the existing ones in Santiago, the capital city. (Bitcoin.com)
The process of Worldcoin verifications involves a specialized hardware device known as the orb, which scans users’ irises, ensuring their secure inclusion in the Worldcoin ecosystem.
The Worldcoin project’s appeal extends to various Latin American nations, allured by the prospect of grants it provides. In August, the organization reported an impressive feat in Argentina, registering over 9,500 Argentines in a single day, equating to one verification every nine seconds, despite having only four verification stations in the country.
Additionally, the project’s reach has extended to Kenya, where, as of July, 350,000 Kenyans had registered, constituting 25% of the platform’s user base at that time. However, the Kenyan government suspended Worldcoin activities in August, briefly attempting to apprehend its key figures. Fortunately, U.S. officials intervened to secure the exit of Worldcoin executives, as they had not been found guilty of any crimes in Kenya.
The surging popularity of Worldcoin in LatAm has apparently rubbed off on its native token Worldcoin (WLD) which has surged in value to $1.84 today compared to $1 on September 13, a sharp gain of 84%.
Related Story: Sam Altman’s Worldcoin And World Id Project Lifts Off Today
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