Sam Altman's Worldcoin announces expansion to Ecuador, WLD price surges
This development marks a major step in Worldcoin's global expansion strategy. Co-founded by OpenAI's Sam Altman, Worldcoin intends to introduce its World ID sphere verification technology in Ecuador to strengthen its global identity verification network
Major expansion of Worldcoin
The announcement highlights Worldcoin's commitment to building a comprehensive global identity verification network. This strategic move is expected to boost investor confidence and drive WLD price up
Worldcoin lands in Ecuador
Worldcoin, known for its privacy-preserving identity verification system, has announced its expansion to Ecuador. World ID sphere verification services will be available in Guayaquil from June 26, followed by Quito on June 27. The expansion includes the launch of World ID verification services in six locations in these major cities
A survey conducted by Worldcoin partner Tools for Humanity showed that 92% of Ecuadorian respondents support online technology that can distinguish between humans and robots. In Peru, 90% of respondents also support such technology, while in Colombia and Mexico, concerns about online fraud are high and people prefer human-generated content.
Regional Impact and Investor Confidence
Worldcoin’s expansion in Ecuador is part of its broader plan to build a strong identity verification network across Latin America, aiming to improve digital security and privacy. The move has had a positive impact on the WLD price, reflecting investor optimism about Worldcoin’s growth potential in new markets.
Challenges and Market Reaction
Despite these positive developments, Worldcoin is still facing legal challenges in some regions. Operations in Spain have been suspended due to a data protection investigation by the AEPD (Spanish Data Protection Agency), highlighting the complex regulatory environment that Worldcoin must navigate.
At press time, the WLD price has surged 5.20% to $2.99, while the daily trading volume has fallen 24% to $163.15 million. The cryptocurrency hit a low of $2.75 in the past 24 hours. In addition, according to CoinGlass data, WLD’s open interest has increased by more than 13% to $1.387.1 billion US dollars
