Blockchain
Worldcoin (WLD) expands investments and services in Argentina
Worldcoin (WLD) is poised to significantly expand its presence in Argentina, according to a recent company announcement. This move is expected to bring substantial direct investment into the country, enhancing its digital identity and financial services landscape.
Addressing the digital identity divide
Currently, approx 4 billion people globally they do not have a legal and digitally verifiable identity. This absence represents a significant barrier to accessing essential financial services and participating in the global digital economy. Worldcoin aims to address this problem through its innovative solutions.
Introduction of the World ID
One of the key initiatives Worldcoin is introducing is the World ID, a digital passport that allows people to demonstrate their uniqueness and humanity online while maintaining their privacy. This tool serves as a building block for establishing digital proof of personhood, which is critical for inclusive digital growth.
Verified World ID holders can demonstrate their human uniqueness in a growing number of integrated applications. Additionally, they may have access to WLD tokens, which are distributed for both utility and future governance purposes. However, eligibility for these tokens is subject to geographic and other restrictions.
Expanding services in Argentina
Worldcoin’s expansion into Argentina is part of a larger strategy to improve its service offerings and reach more users globally. This includes implementing World ID and distributing WLD tokens where permitted. The initiative is expected to provide significant economic benefits to the region by improving access to digital financial services.
While WLD tokens are not available in the United States and some other restricted territories, World ID and the World App remain accessible in these regions.
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