Wordcoin Popularity Peaks in Argentina; Project Reaches 9.5K Verifications in a Day
Worldcoin, the biometric ID and digital wallet project, has recently experienced a surge in popularity in Argentina. According to data provided by the project, Argentina reached a record for signups during August, registering more than 9,500 verifications in a single day.
Argentina’s Interest in Crypto and Tech Tools
- Argentina is one of the most crypto-forward countries in the world.
- The combination of crypto forward thinking and tech advancements makes Argentina a fertile ground for innovation.
Worldcoin project co-founder and CEO of Tools for Humanity Alex Blania attributed this high demand to the interest Argentine citizens have in crypto and innovative tech tools. At the Ethereum Argentina Mainnet Stage, he stated:
“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 further explained that Argentina’s crypto forward thinking and tech advancements make it an “explosive building ground for the next wave of innovation in this space.”
World App’s Popularity
- World App, the digital wallet app of the Wordcoin project, occupied the first place in the Apple App Store temporarily.
- World App surpassed popular apps like Mercado Pago, Whatsapp, and Tiktok.
- Worldcoin achieved this milestone with only four verification “Orbs” located in Buenos Aires, Mar del Plata, Cordoba, and Mendoza.
Legal Challenges and Regulatory Scrutiny
The high popularity of the project in Argentina has attracted the attention of regulators. The Public Information Access Agency (AAIP), the data comptroller organization in the country, ordered a probe into the project and its data treatment procedures. Worldcoin was prompted to comply with the Argentine Personal Data Protection Act and register with the organization.
In addition to Argentina, Worldcoin has also faced regulatory scrutiny in other countries such as Kenya, Bavaria, and France.
Hot Take
Despite the legal challenges and regulatory scrutiny, Worldcoin’s popularity in Argentina highlights the country’s crypto-forward mindset and its eagerness to embrace innovative tech tools. Argentina has become a hotbed for crypto and tech innovation, paving the way for future advancements in the industry.
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