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Cryptocurrency News Articles

Worldcoin Surges Past 10 Million Users, Targets Equal Crypto Access

Apr 12, 2024 at 06:03 am

Worldcoin, a cryptocurrency aiming for a universal basic income (UBI) program, has experienced remarkable growth since its launch in June 2023. The project has surpassed 10 million registered users on its World App and averages 2 million daily sign-ups, exceeding its goal of reaching a monthly user base in 10 months.

Worldcoin Surges Past 10 Million Users, Targets Equal Crypto Access

Worldcoin Surges Past 10 Million Users, Aiming for Equitable Crypto Access

Worldcoin, a cryptocurrency project with a bold vision of providing a global basic income, has experienced phenomenal growth since its launch in June 2023. Surpassing its initial target of 10 million registered users, the project now boasts an average of 2 million daily sign-ups, placing it among the most rapidly adopted cryptocurrency initiatives.

"We are delighted to have exceeded this milestone and witnessed the overwhelming response from users worldwide," said Tiago Sada, co-founder of Worldcoin. "The support we have received is a testament to the power of our mission and the transformative potential of Worldcoin."

To achieve this remarkable growth, Worldcoin has deployed a network of innovative "Orb" devices, which utilize iris scans to verify users' identities and distribute free tokens. The project emphasizes that it is not seeking to establish a monopoly but rather encourages the development of diverse wallets and features to meet the evolving needs of its users.

In a heartwarming testament to the impact of Worldcoin, a Kenyan user recently shared his experience of using the free tokens he received through the project's airdrop to purchase a goat. The crypto community rallied behind him, collectively donating additional funds to acquire a total of 13 goats.

The first goat, named Sam after Worldcoin co-founder Sam Altman, has become a symbol of the project's potential to uplift livelihoods in developing regions. The funds raised will be used to provide veterinary care and other support for the goats, ensuring their well-being and contributing to the economic empowerment of the recipient.

Worldcoin's ambitious goal is to establish a universal basic income program, leveraging cryptocurrency to provide a safety net for the world's unbanked and underserved populations. By distributing tokens to users in exchange for their biometric data, Worldcoin seeks to create a more equitable and inclusive financial system.

As the project continues to grow, its impact is expected to extend beyond financial inclusion. Worldcoin aims to foster a global community, empowering users to participate in the digital economy and unlock new opportunities for personal and societal development.

The crypto community is watching with keen interest as Worldcoin navigates the challenges and opportunities that lie ahead. Its success in achieving its mission will have profound implications for the future of finance and the global economic landscape.

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