🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Worldcoin App Outranks TikTok, WhatsApp Amid Argentina Signup Frenzy

Published 31/08/2023, 20:51
Worldcoin App Outranks TikTok, WhatsApp Amid Argentina Signup Frenzy
USD/ARS
-

  • Worldcoin’s World ID saw a record 9,500 Orb verifications in Argentina in a day.
  • During the frenzy, World App topped WhatsApp and TikTok on the Argentine App Store.
  • Co-founder Alex Blania claims Argentina is one of the most forward-thinking nations in the crypto sphere.

In a recent statement, Worldcoin, the leading identity and financial network, recounted its success in its digital identity project, particularly on Argentinian soil. The Worldcoin team revealed that Argentina demonstrated its status as a global hub for crypto adoption.

Specifically, the team disclosed that the demand for World ID within Argentina set a remarkable record for Orb verifications. It said 9,500 people signed up in a single day this month. In numerical terms, it implies one Argentinian gets verified every 9 seconds.

According to the team, the heightened activity propelled the demand for Worldcoin’s World App. Momentarily, the wallet app ascended to the top position on the Argentine App Store charts. The team shared a screenshot showing how World App outranked other social networking applications like WhatsApp and TikTok, Disney, and more.

World App on Argentina App Store | Source, official blog post

At a recent Ethereum Argentina Mainnet Stage discussion, Alex Blania, co-founder of Worldcoin, mentioned that Argentina stands out as one of the most forward-thinking nations in the crypto sphere. In his words: “People [in Argentina] are much more sensitive and much more understanding of the fundamental principles of crypto. It’s a combination of having a very technologically advanced country in general and then also a crypto-forward country.”

Notably, in the statement, the Worldcoin team elaborated on its project. It noted that the World ID operates as a universal identity protocol. According to them, the system employs a proof of personhood (PoP) credential granted through a specialized biometric imaging device called the Orb.

Meanwhile, the iris scanning project has come under significant backlash from privacy advocates. Early this month, Coin Edition reported that the Kenyan government suspended Worldcoin activities, citing privacy concerns.

The post Worldcoin App Outranks TikTok, WhatsApp Amid Argentina Signup Frenzy appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.