Worldcoin

Orbs

World ID

Elon Musk

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 <p class="p2"><span class="s1">Worldcoin, a cryptocurrency project centred on identity and co-founded by Sam Altman, set a record for single-day sign-ups in Argentina this month.</span></p> 
 <p class="p2"><span class="s1">Worldcoin signed up 9,500 people in Argentina in a single day, it said in an Aug. 31 blog post. That translates to roughly one verified individual every 9 seconds. </span><span class="s1">The achievement came despite ongoing investigations into the project’s data handling practices by Argentina’s authorities and <span class="s2">data protection agencies worldwide.</span></span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">Argentina is one of the world’s leading countries for blockchain innovation &amp; crypto adoption. That reputation was reinforced recently, as demand for World ID led to 9.5K Orb verifications in 24 hours—a new global record. https://t.co/DEMx1Yda2O</p> 
  <p>— Worldcoin (@worldcoin) August 31, 2023</p>
 </blockquote> 
 <p></p> 
 <p class="p2"><span class="s1">The project, which was <span class="s2">officially launched</span> on July 24, has garnered attention for its unique approach to online identity verification using iris scans. </span><span class="s1">Worldcoin’s Orbs have been accessible in cities that include Buenos Aires, Mar del Plata, Cordoba, and Mendoza.</span></p> 
 <h2 class="p4" id="span-class-s1-worldcoin-data-privacy-investigations-cast-a-shadow-span"><span class="s1">Worldcoin Data Privacy Investigations Cast a Shadow</span></h2> 
 <p class="p4"><span class="s1">The project remains under scrutiny from regulatory bodies concerned about data privacy. Argentina’s authorities have initiated an investigation into Worldcoin’s data handling practices, specifically focusing on the collection, storage, and utilization of personal data.&nbsp;</span></p> 
 <p class="p2"><span class="s1">The Public Information Access Agency in Argentina <span class="s2">has stated</span> its intention to thoroughly analyze the processes involved and to take necessary measures if any issues are identified. “Appropriate actions will be taken to address any identified issues and ensure that the company complies with security and privacy standards,” it said.&nbsp;</span></p> 
 <p class="p2"><span class="s1">In line with the current laws in Argentina, projects such as Worldcoin are obligated to register with the Argentine Agency of Access to Public Information. This registration entails providing a comprehensive account of their data collection and storage procedures.</span></p> 
 <h2 class="p4" id="span-class-s1-global-scrutiny-beyond-argentina-s-borders-span"><span class="s1">Global Scrutiny Beyond Argentina’s Borders</span></h2> 
 <p class="p2"><span class="s1">Scrutiny of Worldcoin’s activities extends beyond Argentina’s borders. France’s privacy regulator has raised questions about the legality of Worldcoin’s collection of biometric data, while the United Kingdom’s Information Commissioner’s Office and Germany’s Bavarian State Office of Data Protection Supervision have also expressed reservations and initiated investigations.</span></p> 
 <p class="p2"><span class="s1">The global concerns regarding its data practices have even reached Kenya, one of the countries where the project had been launched. The Kenyan interior ministry recently <span class="s2">announced the suspension</span> of local Worldcoin activities in order to assess potential risks to public safety. Reports from local media indicate that more than 350,000 individuals in Kenya have registered for Worldcoin scans.</span></p> 
 <p class="p2"><span class="s1">In the most recent update, a Kenyan High Court <span class="s2">directed Worldcoin</span> and its collaborators to cease any additional processing of biometric data until the legal case involving the cryptocurrency project is resolved.</span></p> 
 <p class="p2"><span class="s1">Despite its reported growing popularity, Worldcoin’s native token, WLD, hasn’t translated this into price gains. As per <span class="s2">CoinGecko data</span>, the cryptocurrency is presently valued at $1.2, more than 48% down in the past month.</span></p> 
 <figure id="attachment_435142" aria-describedby="caption-attachment-435142" style="width: 100%" class="wp-caption alignnone">
  <img decoding="async" class=" wp-image-435142" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20894%20748'%3E%3C/svg%3E" alt="" width="894" height="748" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/08/31/a57deef389e6aee7cd39ea248f98bd18.webp 300w, https://cdn.thebittimes.com/images/2023/08/31/a57deef389e6aee7cd39ea248f98bd18.webp 768w, https://cdn.thebittimes.com/images/2023/08/31/a57deef389e6aee7cd39ea248f98bd18.webp 859w" data-lazy-sizes="(max-width: 894px) 100vw, 894px" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/31/a57deef389e6aee7cd39ea248f98bd18.webp">
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   <img decoding="async" class=" wp-image-435142" src="https://cdn.thebittimes.com/images/2023/08/31/a57deef389e6aee7cd39ea248f98bd18.webp" alt="" width="894" height="748" srcset="https://cdn.thebittimes.com/images/2023/08/31/a57deef389e6aee7cd39ea248f98bd18.webp 300w, https://cdn.thebittimes.com/images/2023/08/31/a57deef389e6aee7cd39ea248f98bd18.webp 768w, https://cdn.thebittimes.com/images/2023/08/31/a57deef389e6aee7cd39ea248f98bd18.webp 859w" sizes="(max-width: 894px) 100vw, 894px">
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  <figcaption id="caption-attachment-435142" class="wp-caption-text">
   Source: CoinGecko
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 <p>&nbsp;</p> 
 <h3 class="p4" id="span-class-s1-b-related-articles-b-span"><span class="s1"><b>Related Articles</b></span></h3> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/worldcoin-reports-record-single-day-sign-ups-in-argentina-despite-data-scrutiny-tbt61077.html">https://thebittimes.com/worldcoin-reports-record-single-day-sign-ups-in-argentina-despite-data-scrutiny-tbt61077.html</a></p>

Worldcoin Reports Record Single-Day Sign-Ups in Argentina Despite Data Scrutiny

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