Here’s Why The Worldcoin (WLD) Price Surged Over 15% In One Day To Reach $3
21 June 2024 - 10:30PM
NEWSBTC
Worldcoin (WLD) is currently enjoying an upward trend, with the
crypto token surging by over 15% in a single day to reach $3. This
development is thanks to the recent strides that the Worldcoin team
has made to achieve the goals of the crypto project.
Expansion Of Worldcoin’s World ID Provides Bullish Momentum The
Worldcoin team recently announced that World ID, the project’s
global identity network, would be making an entry into Ecuador.
Locals in the country can get verified using the Orb to join
Worldcoin’s identity network. The team mentioned that verifications
will be available at six locations across two Ecuadorian
cities. Related Reading: Dogecoin Enters Final Stage Of
Consolidation, Analyst Predicts 6,150% Rally To $7.5 Verification
will begin at the port city of Guayaquil on June 26, while the
other verification locations will be set up in the Capital city of
Quito on June 27. Worldcoin stated that anyone 18 years or older
who is interested in joining the over 5 million people
participating in the Worldcoin network can get Orb verified in
either of those two cities. This development undoubtedly
provides bullish momentum for the Worldcoin token, considering the
role the crypto token plays in achieving the team’s vision of
providing a global identity for everyone. Worldcoin’s entry into
Ecuador is also a much-needed boost, given the regulatory scrutiny
and negative publicity that has overwhelmed Worldcoin’s
ecosystem. Worldcoin also noted that its upcoming launch in
Ecuador comes at a time when the project is set to expand further
in Argentina through direct investments in the country and the
launch of more Orb verification locations. As part of the
investment, Worldcoin contributors such as Tools for Humanity (TFH)
will sponsor professional opportunities for at least 50 developers,
operations specialists, software engineers, data analysts, and
other professionals in the country. Additionally, Worldcoin
announced that 50 World ID orb verification locations, including
two experience stores, will be set up in over ten cities across
Argentina. These locations are expected to open sometime during the
summer in the country. More Good News For Worldcoin Kenya’s
local media, The Star, recently reported that the government has
dropped its investigation into Worldcoin. Worldcoin had earlier had
to suspend its World ID verifications in the country following
allegations of unlawful collection and transfer of personal data
belonging to locals. Related Reading: Bitcoin Crash Below
$66,000 Stuns Market, Why A Drop To $54,930 Is Possible However,
upon investigating and reviewing these allegations, the country’s
Directorate of Criminal Investigations (DCI) determined that they
had no substance and directed that the investigation be dropped
with no further action from law enforcement agencies. The Star
noted that this development will likely pave the way for Worldcoin
to resume its operations in Kenya. Worldcoin’s operations in
Kenya were largely successful. Over 635,000 Kenyans are said to
have downloaded the World App, although more than half of these
individuals had yet to verify their identity using the Orb.
Featured image created with Dall.E, chart from Tradingview.com
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