Home / News / Crypto / News / Worldcoin Verifies Nearly 10,000 Citizens of Argentina While Under Investigation
News
3 min read

Worldcoin Verifies Nearly 10,000 Citizens of Argentina While Under Investigation

Published August 31, 2023 2:46 PM
Teuta Franjkovic
Published August 31, 2023 2:46 PM
Key Takeaways
  • In less than 24 hours, about 10,000 Argentines enrolled for World ID.
  • They broke the previous record for Orb verifications.
  • Worldcoin is the subject of a debate in Kenya.
  • It raises concerns about its viability and rapid adoption.
  • The Worldcoin token’s (WLD) falling value raises questions on Argentina interest boom.

Despite an ongoing investigation into the project’s management of data by the authorities of Argentina, Worldcoin, an identity-focused cryptocurrency project co-created by Sam Altman, stated demand for its World ID service in Argentina remains strong, with sign-ups hitting a single day record in August.

Around 9,500 Argentinians validated their World IDs in a single day, according to a blog post  from Worldcoin. It stated “that is one verified human in Argentina every nine seconds.”

Worldcoin initiative enables users to validate their identity online by registering for a World ID via an iris scan, which became live on July 24.

As per the blog , it has placed its “orbs” in Buenos Aires, Mar del Plata, Cordoba, and Mendoza, all of which are located in Argentina.

Investigation Ongoing

The staggering figures come as Argentine officials continue to look into the project’s data privacy practices.

Argentina’s Public Information Access Agency announced  earlier this month that it will “thoroughly analyze” the procedures and methods related to the gathering, storing, and application of personal data. The organization also stated that it intends to take unnamed actions to resolve any problem found.

Worldcoin was halted  earlier this month in Kenya, a Nation where it has already racked up hundreds of thousands of clients. As of December 2022, The Block claimed that Worldcoin had registered more than a quarter of a million users in Nairobi, the capital of Kenya.

Pioneering the Cryptospace

Argentina has long been a pioneer in the crypto industry thanks to its vibrant IT sector and a population ready to learn about decentralized financial options. The World ID identity protocol uses Orb verifications to confirm a person’s uniqueness digitally without the use of personal data.

This effort supports Worldcoin’s main goal of supporting more than 4 billion people who do not yet have a worldwide, digitally verifiable identity one. The Nation is open to cryptocurrency innovations like Worldcoin, as the recent surge of 9,500 registrations in a single day shows.

Worldcoin project co-founder and CEO of Tools for Humanity, Alex Blania, spoke about Argentina and its favorable reception to cutting-edge cryptocurrency projects like Worldcoin. He talked during his fireside chat on the Ethereum Argentina Mainnet Stage.

“I think the first major thing that stands out is that Argentina specifically is one of the most crypto-forward countries in the world,” Blania said .

“People are much more sensitive and much more understanding of the fundamental principles of crypto. It’s a combination of having a very technologically advanced country in general and then also a crypto-forward country specifically, which makes it an explosive building ground for the next wave of innovation in this space.”

Argentina has been Worldcoin home for some time. Cities including  Buenos Aires, Mar del Plata, Cordoba, and Mendoza have Orb operations. After Worldcoin’s global launch on July 24, 2023, the number of World ID verifications has increased notably.

Argentina recorded a new World ID every nine seconds, making a substantial contribution to this trend. The project’s wallet app, World App, briefly surpassed all other apps in the nation’s downloads thanks to its high adoption rate.

Was this Article helpful? Yes No