US debut of Sam Altman's iris-scanning cryptocurrency, Worldcoin (WLD)
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Today, Worldcoin - a visionary crypto project backed by luminaries such as OpenAI CEO Sam Altman - has expanded its horizons and launched in six major U.S. cities: Atlanta, Nashville, Miami, Los Angeles, Austin, and San Francisco. This bold step paves the way for its biometric identity verification system to revolutionize the digital landscape.
The heart of this system lies in the Orb devices, which use eye-scanning technology to generate unique digital IDs for each user. With the push of a button, validated users receive Worldcoin tokens and a World ID, which can be leveraged for authentication on platforms like Minecraft, Reddit, and Telegram.
World's ambitious expansion strategy comes amidst a wave of scrutiny in several countries, particularly Spain and Portugal, where regulatory bumps have been encountered over concerns about biometric data collection and security. However, World hasn't let these speed bumps derail its progress, successfully securing noteworthy partnerships such as a Visa-backed debit card for WLD spending and a trial with Match Group for identity verification on dating apps.
Interestingly, just before Worldcoin's official announcement, Coinbase hinted at WLD joining its roadmap. Not long after launch, WLD prices soared briefly but later dipped, trading just over $1 at the moment, marking a significant decline from its March 2024 peak. Don't miss out on the action - WLD is currently worth $1.08, up 20% in the last week!
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Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.
Categories:- Bitcoin- Ethereum- Altcoins- Trading- Web 3.0- Regulators- Fintech- Blockchain- Crypto Adoption
Sources:1. World Expands Biometric ID System, Orb Production To Veteran-Owned Facility in Texas2. Worldcoin Expands Biometric ID System Orb Deployment Target to 180 Million Americans3. Worldcoin, Visa, and Tinder Team Up for Identity Verification on Dating Platforms4. Worldcoin Announces Launch of Biometric Identity Verification System in Six U.S. Cities5. Worldcoin Aims for U.S. Dominance as Regulatory Environment Favors Adoption
- The Orb devices, an integral part of Worldcoin's biometric identity verification system, are poised to decouple traditional methods of authentication and revolutionize digital finance and business.
- As Worldcoin makes strategic moves, including partnerships with Visa and Match Group, the cryptocurrency market is closely watching the story of this altcoin, WLD, as it unfolds in the world of blockchain and finance technology.
- Despite concerns about biometric data collection and security in Spain and Portugal, Ethereum and other cryptocurrencies are showing resilience, seemingly unaffected by the regulatory bumps encountered by Worldcoin.
- Investors have been keeping an eye on Coinbase, as rumors of WLD joining its roadmap have surfaced, potentially impacting the price of this token in the cryptocurrency market.
- As Worldcoin expands in the U.S., reaching six major cities, the price of WLD has shown volatility, surging and dipping, currently trading at $1.08, reflecting a 20% increase over the past week.
