Worldcoin (WLD) is currently enjoying an upward trend, with the crypto token rising over 15% in a single day to reach $3. This development is due to the recent advancements that the Worldcoin Team did to achieve the objectives of the cryptographic project.
Worldcoin World ID Expansion Provides Bullish Momentum
The Worldcoin team recently announced what World ID, the project’s global identity network, would be entering Ecuador. Residents of the country can be verified using Orb to join the Worldcoin identity network. The team mentioned that checks will be available at six locations in two Ecuadorian cities.
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Verification will begin in the port city of Guayaquil on June 26th, while the remaining verification sites will be set up in the capital Quito on June 27th. Worldcoin stated that anyone aged 18 or over who is interested in joining the more than 5 million people Participating in the Worldcoin network can get Orb verified in either of these two cities.
This development undoubtedly provides bullish momentum for the Worldcoin token considering the role the cryptographic token plays in realizing the team’s vision of providing a global identity for everyone. Worldcoin’s entry into Ecuador is also a much-needed boost, given the regulatory scrutiny It is negative publicity which overwhelmed the Worldcoin ecosystem.
Worldcoin also noted that its upcoming launch in Ecuador comes at a time when the project is expected to expand further in Argentina through direct investments in the country and the launch of more Orb verification sites. As part of the investment, Worldcoin contributors such as Tools for Humanity (TFH) will sponsor professional opportunities for at least 50 developers, operations specialists, software engineers, data analysts and other professionals in the country.
Additionally, World Currency announced that 50 World ID Orb verification locations, including two experience stores, will be installed in more than ten cities in Argentina. These locations are expected to open sometime during the country’s summer.
More good news for Worldcoin
Kenyan local media outlet The Star recently reported that the government abandoned its investigation into Worldcoin. Worldcoin had already had to suspend your worldwide ID checks in the country following allegations of illegal collection and transfer of personal data belonging to locals.
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However, upon investigating and analyzing these allegations, the country’s Directorate of Criminal Investigations (DCI) determined that they were unfounded and ordered that the investigation be closed without any further action on the part of the party. law enforcement agencies. The Star noted that this development will likely pave the way for Worldcoin to resume its operations in Kenya.
Worldcoin Operations in Kenya were largely successful. More than 635,000 Kenyans are said to have downloaded the World App, although more than half of these individuals had not yet verified their identity through Orb.
Featured image created with Dall.E, chart from Tradingview.com