UPDATE: Worldcoin Enters New Financial Stronghold, But Not Everyone Is Convinced

December 31, 2023 1:18 pm Comments

Worldcoin has entered a new territory that ranks as one of the most notable financial strongholds on the planet.

The nascent blockchain project collects biometric data in the hopes of providing a universal basic income to everyone who registers with Worldcoin by having their eyes scanned by one of the Worldcoin orbs.

Of course, not everyone is on board, and those concerned with privacy, liberty, and self-sovereignty see the project as a threat.

Kenya’s government became the most outspoken critic of Worldcoin, calling for a complete ban in the country and detaining several Worldcoin executives earlier this year.

Despite this, Worldcoin marches on; the radical project announced on December 27: “World ID verifications have launched in Singapore.” Here are the latest updates:

Worldcoin issued this corresponding press release for the Singapore launch:

World ID verifications are now available in Singapore via the Orb, the project’s custom hardware device. A full list of verification locations is available on the Worldcoin Orb locations page.

In addition to World ID verifications, project contributor Tools for Humanity (TFH) has become a member of two of Singapore’s most respected startup and tech associations: ACCESS and the Singapore Fintech Association (SFA). The project launch and association memberships come in the wake of a recent multi-city tour in Asia made by members of the TFH product development team.

Not everyone was so convinced of Worldcoin’s intentions: “Worldcoin keeps scamming the most vulnerable in society. Argentines line up to give up their privacy and scan their eyeballs in exchange for $30 USD in Worldcoin tokens,” one individual claimed.

Cryptopolitan provided a price outlook for Worldcoin’s native token WLD:

In mid-December, Worldcoin made headlines by surging over 50%, reaching an all-time high price of $4.6 per token. Although it experienced a slight pullback and was trading at $3.35 on December 25, the cryptocurrency has recently regained momentum.

Over the past week, Worldcoin has witnessed a steady increase of 9.68%, indicating growing buying pressure from investors in the WLD market.

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