Worldcoin Launches Digital ID Verification in Austria

YEREVAN (CoinChapter.com) — Worldcoin has launched its digital identity verification system, World ID, in Austria, focusing on Vienna. From July 31, residents of Vienna aged 18 and over can verify their World ID at various locations throughout the city. This addition brings Worldcoin’s network to over 6.3 million users worldwide.

Worldcoin Expands Digital ID to Austria. Source: Worldcoin Foundation Announcement

Tools for Humanity, the Germany-based company behind Worldcoin, ensures compliance with the European General Data Protection Regulation (GDPR). The company consulted with the Austrian data protection authority to address privacy and data security concerns. Worldcoin’s ID verification process involves an iris scan and does not collect additional personal data.

Friederike Lumbroso-Baumgartner, general manager at Tools for Humanity for Germany, Austria, and Switzerland, emphasized the importance of quick access to World ID. Austrian residents can become Worldcoin ambassadors to help spread awareness and understanding of the project.

Worldcoin Expands in Europe Amid Regulatory Scrutiny and Security Enhancements

Worldcoin’s launch in Austria follows a similar introduction in Germany. The Bavarian State Office for Data Protection Supervision (BayLDA) previously investigated Worldcoin’s biometric data collection. Worldcoin has also faced regulatory challenges in Spain and Hong Kong, where operations were paused due to privacy concerns.

Despite these issues, Worldcoin continues to work towards compliance with local regulations. The company has enhanced security measures by open-sourcing its biometric data system and allowing users to delete old iris codes. In Kenya, operations resumed in June 2023 after local authorities concluded their investigation.

Official statement from the Directorate of Criminal Investigations (DCI). Source: Worldcoin.org Worldcoin Marks First Anniversary Amid Price Dip and Expansion into Austria

Worldcoin celebrated its first anniversary on July 23, 2024. During this time, the company faced allegations of price manipulation and scams involving its native Worldcoin (WLD) token. Worldcoin has denied these accusations, maintaining its focus on ethical practices and transparency.

Worldcoin Celebrates First Anniversary Milestone. Source: Worldcoin’s Official

The expansion into Austria highlights Worldcoin’s continued growth and commitment to providing secure digital identity solutions across various regions.

At the time of writing, the price of Worldcoin (WLD) is $2.04, reflecting a 3.83% decrease in the last 24 hours. The cryptocurrency’s market capitalization stands at approximately $633,396,572, ranking it #99. The 24-hour trading volume has increased by 28.07%, reaching $150,692,773. Worldcoin’s circulating supply is 311,158,905 WLD out of a total supply of 10,000,000,000 WLD. The fully diluted market cap is estimated at $20,356,048,359. The data is sourced from CoinMarketCap.

Worldcoin (WLD) Price Dips to $2.04. Source: CoinMarketCap

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