Worldcoin Expands in Ecuador and Kenya with Orb Verifications and Regulatory Clearance
Worldcoin, the crypto project co-founded by OpenAI’s Sam Altman, is making significant strides in its expansion efforts by introducing its World ID orb verifications in Ecuador. This move comes as the project prepares to resume operations in Kenya after a year-long suspension due to regulatory concerns.
World ID Orb Verifications Launched in Ecuador
- Worldcoin to offer orb verifications at six locations in Guayaquil and Quito starting June 26.
- Ecuadorians aged 18 and older can join the 5.7 million participants in the Worldcoin network.
The launch in Ecuador aligns with the increasing global interest in technologies that verify human identity online, with strong support shown for these technologies in recent surveys conducted by Tools for Humanity (TFH).
Ecuadorians Favor Technology-Based Identity Solutions
- Most respondents in Ecuador support technology-based solutions to distinguish humans from bots online.
- This aligns with Worldcoin’s goal to combat online bots and fraud.
Additionally, Worldcoin’s growth plans in Argentina aim to establish Argentina as its hub in Latin America, with substantial investments and opportunities for professionals in various fields.
Regulatory Clearance Secured for Kenya Operations
- Worldcoin receives clearance to resume iris-scanning operations in Kenya after a year-long suspension.
- The Directorate of Criminal Investigations (DCI) closes the investigation that led to the suspension.
The DCI emphasizes the need for Worldcoin to register its business, acquire necessary licenses, and vet vendors for continued operations in Kenya.
Resumption of Iris-Scanning Operations in Kenya
- Kenya was one of the initial countries for Worldcoin’s iris-scanning scheme.
- Operations were suspended due to regulatory concerns about data protection and legality.
The closure of the investigation marks a new beginning for Worldcoin in Kenya, with plans to resume World ID registration across the country soon.
Remaining Challenges in Other Countries
- Worldcoin and TFH still face investigations in countries like Spain and Germany.
- Efforts are underway to address regulatory concerns and compliance in these regions.
Despite the challenges, Worldcoin’s native token, WLD, experienced a recent price increase before retreating to $2.97.
By
By
By
By