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WLD holders have enjoyed a price spike as Worldcoin expands World ID to Malaysia, Guatemala, and Poland.
According to an announcement, the new launches follow a boost in AI advancements and also the potential for online fraud.
"Against this backdrop, interest in proof of humanness has been steadily expanding," 'Worldcoin stated, adding that as well as World ID launches in Europe and South America, surveys in Korea and Portugal demonstrate the urgent need to differentiate between bots and humans online.
90% of the 1,100+ respondents in Korea said technology such as World ID, that differentiates between humans and bots online is necessary. 90% of the more than 19,300 respondents also said they support the return of Worldcoin operations to Portugal.
Addressing these concerns, Worldocin launched its new Face Auth feature last week, which adds more security to proof of humanness verification.
Introducing Face Auth, even more security for your World ID 🫡 pic.twitter.com/3OJ4s7lABp
— Worldcoin (@worldcoin) September 19, 2024
In Guatamala, 88% said they support the development of new technologies to verify who is human online, while 90% said they had been a victim of online fraud or identity theft themselves or knew someone who was.
Worldcoin’s technology is designed to provide a secure and reliable method for verifying individual identities through a process known as proof-of-humanity. This protocol leverages advanced biometric and cryptographic techniques to ensure that each individual is uniquely identified and that their identity remains secure.
News of Worldcoin's expansion sent its token, WLD, up more than 15% to as high as $2.15.
Last month, MIMOS, the applied research and development arm of the Malaysian Government, signed an MoU with the Worldcoin Foundation, Tools for Humanity (TFH) and e-government services provider MyEG, to integrate Worldcoin technology into the country’s digital infrastructure.
Additionally, the partnership will assess the feasibility of potential local manufacturing of Orbs, TFH's hardware and software tools for human verification.
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However, Singapore Deputy Prime Minister Gan Kim Yong advised the public against trading their “digital payment token wallet or World ID as these accounts could be misused by third parties.”
Yong made the remarks in response to parliamentary questions concerning Worldcoin’s Singapore operations.
“The police are investigating seven subjects for their suspected involvement in offering the services of buying or selling Worldcoin accounts and tokens, which constitute offences under the Payment Services Act 2019,” Yong added.
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