Worldcoin's WLD token has fallen by more than 50% since its launch.
Date: 2023-08-31 Author: Karina Ziganova Categories: IN WORLD
The project report stated that 9,500 Argentines have successfully verified their World ID on the site's platform. This speaks of their huge popularity in the South American country and its influence among the population. Also, due to high demand, its World App was briefly ranked #1 in the Apple Store rankings in Argentina.
Alex Blania, co-founder of Worldcoin and CEO of Tools for Humanity, described Argentina as one of the most crypto-advanced countries in the world. Blania said the Argentines "were much more sensitive and understood the fundamental principles of cryptography."
The situation in the Argentine economy, characterized by sharp inflation and the depreciation of all money due to constant inflation, leads to the fact that people are increasingly using cryptocurrencies to protect their assets from imminent financial shocks.
Last month, BTC candidate Javier Miley unexpectedly won the country's presidential race, provoking the leading asset to an all-time high against the Argentine peso.
Worldcoin has a number of investigative actions that
Worldcoin, despite its popularity and great recognition, is under investigation in several jurisdictions.
The Argentinean Agency for Access to Society announced its intention to conduct a review of Worldcoin's actions and procedures that relate to the collection of personal data of Argentine citizens.
The agency spokesman said that it would be committed to taking all possible steps to eliminate the problems encountered in the process of this assessment.
There are also regulatory issues with respect to Worldcoin. The reason for this is Kenya, where the company's activities have completely stopped. According to the statements of the Kenyan authorities, the Worldcoin project began its activities in the African country as a research project.
Also, privacy regulators in the UK, France and Germany began to initiate investigations into the collection of Worldcoin biometric data for identity verification.
But, Worldcoin has reported that it complies with local laws regarding the collection of personal data in all of its operating markets.
WLD: ways to fight
The price of WLD Worldcoin has dropped almost 9% in the last 24 hours to $1.19866 by press time.
This continues its downward trend, causing the digital asset to lose over 50% of its value in the month following its launch.
Data from Etherscan on-chain systems showed that the project has 6,153 holders and a total of 32,119 transfers over this period of time.
