Markets News Report Technology
August 31, 2023

Record-breaking Demand for World ID Verification in Argentina

Record-breaking Demand for World ID Verification in Argentina

Rapid adoption of World ID by Worldcoin in Argentina has lead to new single-day record for user verifications. World App is currently the number one on Argentina’s App Store. The country is known for its open approach to technological innovations, particularly in the crypto space.

The demand for World ID, a global identity protocol under the Worldcoin umbrella, reached an all-time high, setting a new single-day record for Orb verifications. World ID serves as a global identity platform that doesn’t require users to give up personal information. Using proof of personhood (PoP) through a biometric device known as the Orb, the system authenticates users’ unique human identity.

The platform aims to enhance financial inclusion by targeting the large portion of the world’s population without a digitally-verifiable identity.

World ID’s Role in Crypto Adoption

Since the launch of the Worldcoin project in late July, the demand for World ID verifications has significantly increased globally, culminating in 9,500 Argentinians getting verified in a single day.

This pace equates to one verification every nine seconds. As a result, World App, the wallet associated with Worldcoin, briefly became the number one app in Argentina’s App Store.

The rising demand for World ID in Argentina highlights the country’s receptiveness to crypto-based solutions. This trend also sheds light on Argentina’s technological progress.

The story matters not just for Argentina, but also for global aims of financial inclusion and identity verification. The World ID and Worldcoin ecosystem’s success in Argentina could become a model for similar projects around the world.

By setting a new record in user verifications, World ID proves it’s not just a web3 innovation. It’s a tool for expanding the digital economy to include more people.

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Disclaimer

Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.


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Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

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Nik Asti
Nik Asti

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

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