The Worldcoin project recently announced in a blog post that it had onboarded 1% of the total Chilean population onto its platform. This milestone is particularly noteworthy as it accounts for over 200,000 of Chile’s total population of approximately 19.5 million residents.
The World ID Verification Milestone
Worldcoin’s strategy involves encouraging users to create a World ID, a privacy-preserving digital identity, using a biometric physical device called “Orb”. Once verified, users can assert that they are a unique and real person.
The Worldcoin development team, Tools For Humanity (TFH) believes that this Proof of Personhood concept used by the World ID is important in the Artificial Intelligence (AI) era. This not only aids in distinguishing humans from AI bots but also presents a global economic opportunity for humanity.
Surpassing 200,000 World ID verifications in Chile is a testament to the project’s successful expansion and adoption within the country. This achievement showcases the project’s ability to resonate with people from various walks of life and socioeconomic backgrounds.
Additionally, to cater to the rising demand, TFH has expanded its operations to Vina del Mar and Concepcion, in addition to its established base in the capital city of Santiago.
Worldcoin Doubles Down on Global Engagement
Worldcoin’s success in Chile is part of a larger trend of increased global engagement by the teams and companies contributing to the project. So far, the TFH team has confirmed the identities of almost 2 million people in various places.
This expanded presence is a testament to the project’s growing influence and reach in the world of cryptocurrencies despite its known regulatory challenges. It also highlights the commitment of those involved in Worldcoin to extend the benefits of digital currencies to as many people as possible.
During a recent conversation on the Ethereum Argentina Mainnet Stage, Alex Blania, co-founder of Worldcoin and CEO of Tools for Humanity, shared insights into the positive response of Chile and the broader South American region to innovative projects like Worldcoin.
According to Blania, Chile’s combination of technological advancement and crypto-friendly policies positions it as an “explosive building ground for the next wave of innovation” in the cryptocurrency space.
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