World App Breaks Barriers, Surpasses 10 Million Users in Unprecedented Growth

World App, the first native Worldcoin (WLD) wallet, has reached 10 million users in less than 12 months, becoming a top self-custodial wallet with an average of 7.1 transactions per second. The app simplifies crypto interactions, enabling users to authenticate with World ID, execute global transactions without fees, and access Worldcoin Grants. Its impact is evident in Kenya, where users have used Worldcoin to purchase livestock. Despite regulatory concerns in some countries, the World App's success positions it as a significant contributor to accessible wallet services worldwide.

World App Surpasses 10 Million Users in Unprecedented Growth, Revolutionizing Crypto Accessibility

London, United Kingdom - February 24, 2023 - World App, the pioneering self-custodial wallet for Worldcoin (WLD), has achieved a remarkable milestone of surpassing 10 million users within a mere 12 months since its inception. This remarkable growth underscores the app's commitment to providing user-friendly and accessible crypto services worldwide.

Since its launch in May 2023, World App has witnessed an unprecedented surge in adoption, with 4 million downloads recorded by November. Currently, the app boasts an impressive user base spanning over 160 countries, with 2 million daily active users and over 70 million transactions processed.

This phenomenal growth has propelled World App to the forefront of self-custodial wallets globally, demonstrating its unwavering capability with an astounding average of 7.1 transactions per second.

"This milestone is a testament to the transformative potential of making Ethereum's foundational technologies accessible and user-friendly," said Tiago Sada, Head of Product at TFH. "The World App embodies our unwavering dedication to simplicity and functionality in the crypto realm."

At its core, World App simplifies crypto interactions by focusing on the essential functions of Worldcoin and Ethereum. It empowers users to authenticate their identities with World ID, conduct global transactions without transaction fees, engage in crypto token swaps, and seamlessly access Worldcoin Grants.

Recognizing the diverse needs of its user base, World App offers compatibility with most mobile devices, supports gasless transactions, and provides round-the-clock support in over 10 languages.

Remco Bloemen, Head of Blockchain at the Worldcoin Foundation, lauded World App's success as a catalyst for further adoption and innovation within the Worldcoin ecosystem. He expressed anticipation for the development of additional wallets tailored to varying user preferences, reflecting the Worldcoin community's aspiration for enhanced decentralization and accessibility.

A poignant example of the app's profound impact emerged from Kenya, where a World App user successfully purchased a goat using Worldcoin. This compelling story garnered widespread attention and support from the crypto community, culminating in donations that enabled the user to acquire additional livestock.

"Such narratives illuminate the transformative potential of cryptocurrency," stated Sada. "Our unwavering vision is to foster similar empowering experiences on a global scale."

Amidst the regulatory scrutiny surrounding Worldcoin's biometric data collection practices in several countries, TFH remains steadfast in demonstrating the transformative power of crypto in fostering global economic engagement.

Worldcoin has recently made significant strides in enhancing transparency by open-sourcing much of its codebase. The project has also undergone a comprehensive security audit and garnered praise from industry leaders.

About World App

World App is the official non-custodial wallet for Worldcoin, providing users with a user-friendly and secure gateway to the crypto ecosystem. With over 10 million users worldwide, World App simplifies crypto transactions, enables identity verification, and empowers individuals to participate in the decentralized economy.

About TFH

TFH is a leading provider of digital asset infrastructure and software solutions. The company is committed to building a secure, accessible, and user-friendly ecosystem for the mass adoption of cryptocurrencies.

About Worldcoin Foundation

Worldcoin Foundation is a non-profit organization dedicated to building a global network where everyone has an equal stake in the digital economy. The foundation is responsible for overseeing the development and implementation of Worldcoin.