Summary:
Worldcoin, an identity-focused crypto project co-created by Sam Altman, has announced that demand for its World ID service in Argentina remains strong despite an ongoing probe into the project’s handling of data by Argentine authorities. The project saw a single-day record of 9,500 Argentinians verifying their World ID, with one verified human in Argentina every 9 seconds. Worldcoin has deployed its “orbs” in four cities in Argentina. However, the project is currently under investigation by Argentine authorities regarding data privacy. Additionally, Kenya has suspended Worldcoin, despite having already signed up hundreds of thousands of customers in Nairobi.
Key Points:
– Demand for Worldcoin’s World ID service in Argentina remains strong, with a single-day record of 9,500 Argentinians verifying their World ID.
– Worldcoin encourages users to prove their identity online through a World ID via an iris scan.
– The project has deployed its “orbs” in four cities in Argentina.
– Argentine authorities are investigating Worldcoin’s handling of data privacy.
– Kenya has suspended Worldcoin, despite having signed up hundreds of thousands of customers in Nairobi.
Ongoing Investigations:
Argentina’s Public Information Access Agency is thoroughly analyzing Worldcoin’s processes and practices regarding the collection, storage, and use of personal data. The agency plans to take unspecified measures to address any identified problems. Kenya has also suspended Worldcoin, despite its success in signing up hundreds of thousands of customers in Nairobi.
Hot Take:
Worldcoin’s strong demand for its World ID service in Argentina, despite ongoing investigations into data privacy, showcases the significant value that individuals place on secure and verified identities in the crypto space. However, the project’s suspension in Kenya raises concerns about its overall reputation and ability to navigate regulatory challenges in different jurisdictions.
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