Worldcoin Launches in Singapore, Continuing Global Expansion
Worldcoin (WLD) has announced its launch in Singapore, marking the end of a successful year for the identity verification protocol. The company, founded by OpenAI CEO Sam Altman, revealed in a recent blog post that individuals in Singapore can now verify their unique humanness using Worldcoin’s custom hardware device called the Orb. To use the Orb, investors need to download the Worldcoin app and a compatible wallet, and then visit the Orb to have their eyeballs scanned for identity verification.
Global Expansion Plans and Recent Pauses
Worldcoin plans to continue expanding access to its protocol by launching in various cities across Spain, Germany, Chile, Argentina, and Japan. However, the project recently paused its services in India, Brazil, and France without providing a specific reason for the pause. This pause coincided with a 22% price dip for WLD. Despite this setback, Worldcoin considers 2023 a “landmark year” as the World App surpassed five million users and 30 million transactions.
Current Trading Status
At the time of writing, WLD is trading at $3.64 with a fractional decrease over the last 24 hours.
Hot Take: Worldcoin Expands Globally with Unique Identity Verification Approach
Worldcoin’s launch in Singapore showcases its commitment to global expansion and its unique approach to identity verification through eyeball scanning. With plans to launch in several other countries and impressive user growth milestones, Worldcoin is positioning itself as a significant player in the crypto space. However, recent service pauses in key markets raise questions about the project’s stability and future prospects. As Worldcoin continues to navigate challenges and expand its user base, it remains an intriguing project to watch in the evolving landscape of cryptocurrencies.
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