Worldcoin Increases Investment in Argentina to Expand Services
The technological bet that promises to revolutionize Argentina’s digital economy.
In Argentina, Worldcoin partners have been working hard to increase access to key AI tools such as World ID, a private digital passport that differentiates humans from bots online. The project has announced that it is ready to grow in Argentina, resulting in significant direct investment in the country.
According to Worldcoin, the additional funds will be used to expand operations to meet the needs of more Argentines, create career opportunities and open new Orb verification locations across the country.
Worldcoin: Commitment to Argentina
Worldcoin has announced its commitment to increase investment and expand operations in Argentina, with the goal of making the country a hub for the region. Based on the country’s technological and economic development,
Worldcoin plans to offer at least 50 skilled positions for developers, operations specialists, software engineers, data analysts and more.
Expanding Operations
Worldcoin also expects to open 50 new locations in more than 10 cities in Argentina during the Argentine summer, including two experiential stores. Every month, more than one million Argentines use World App, which is developed and operated by project partner TFH.
According to Worldcoin, World App is the first virtual wallet to support the Worldcoin token (WLD), helping to increase access to the global economy. In the first few months of 2024, World App was the most downloaded app in the country on both the App Store and Google Play.
Importance of Proof of Humanity
Worldcoin highlights that approximately 4 billion people worldwide lack a legally and digitally verifiable identity, which is a critical barrier to accessing basic financial services.
Worldcoin proposes that solutions such as World ID, a digital passport that allows anyone to prove they are unique and human online, can help solve this problem while keeping their identity private.
Social and Economic Impact
Worldcoin’s investment in Argentina aims to have a technological as well as a social and economic impact. By opening up new job opportunities and facilitating access to advanced digital tools, it is expected to significantly improve the financial and digital inclusion of Argentine citizens.
Worldcoin believes that this expansion could also attract other investors and technology companies to the country, creating a positive impact on the local economy.
Technology in the Service of Humanity
Worldcoin claims that its technology and focus on proving humanity represents a significant advancement in interacting with the digital world. By providing a verifiable and private digital identity, Worldcoin claims to help overcome one of the greatest barriers to global digital inclusion.
This advancement would not only benefit individuals, but also strengthen the country’s digital infrastructure.
Collaboration and Community
Worldcoin is committed to building a strong and collaborative community in Argentina. Through events, workshops and training programs, they aim to empower local developers and foster an innovation ecosystem.
According to Worldcoin, this open collaboration with the local community is critical to the long-term success of the project.
Worldcoin’s Future in Argentina
With the current investment and expansion, Worldcoin has a promising future in Argentina. As more people adopt the World App and use the World ID, further integration of these tools into the daily lives of Argentines is expected.
Worldcoin anticipates that this will not only facilitate access to financial services, but also promote a more inclusive and equitable economy.
Despite of the abovementioned, it is worth considering the risks of having one’s iris scanned and stored. If the systems that store the encrypted information are vulnerable and cybercriminals gain access to the data, they would be able to impersonate a person if they can match the data to real people.
By Leonardo Perez