Why Did Worldcoin's (WLD) Price Soar 15% in a Single Day, Reaching $3?
As of right now, Worldcoin (WLD) is on an ascent, with the crypto token's value increasing by $3, a 15% increase in only one day. The Worldcoin team has recently made great progress towards achieving the project's objectives, which is the reason for this development.
Gaining Support from Worldcoin's World ID Expansion In a recent announcement, the Worldcoin team revealed that World ID, the worldwide identification network of the project, would be expanding into Ecuador. In order to join Worldcoin's identification network, locals in the nation may use the Orb to be verified. The group said that six sites in two cities in Ecuador would be accessible for verifications.
The port city of Guayaquil will be the first to undergo verification on June 26, with the capital city of Quito setting up the remaining sites on June 27. According to Worldcoin, each of those two locations offers Orb verification for anyone above the age of 18 who wants to join the more than 5 million users already using the Worldcoin network.
Since the Worldcoin token is essential to the team's goal of creating a universal identity, this news must be good for the price of the crypto token. In addition, the regulatory scrutiny and bad press that has engulfed Worldcoin's environment is somewhat alleviated by the company's arrival into Ecuador.
Ahead of its debut in Ecuador, Worldcoin said that it would be investing directly in Argentina and launching more Orb verification sites, both of which will allow the project to grow even further in the nation. Contributors to Worldcoin, like Tools for Humanity (TFH), will provide educational opportunities for fifty software engineers, data analysts, operations experts, and developers in the nation as a component of the investment.
In addition, 50 World ID orb verification sites, including 2 experience shops, will be established in more than 10 cities around Argentina, according to Worldcoin.
