Monday, November 25, 2024

Worldcoin is now based in Singapore as iris biometrics project grows globally

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Following the launch of the World ID 2.0 digital ID passport in December 2023, which added facial biometrics for authentication, World Coin has established operations in Singapore and continues to expand its biometric identity verification project globally. ing.

Four locations in Singapore are currently hosting Orb, WorldCoin’s spheroidal biometric enrollment device, according to a post on the company’s blog. People who want to check their world ID can have their iris scanned to “affirm their unique humanity.”

WorldCoin’s parent company Tools for Humanity (TFH) has announced that it has gained membership in ACCESS and the Singapore Fintech Association (SFA), two of Singapore’s most respected startup and technology associations. This demonstrated further public support.

Further expansion of World Coin in Europe and South America

Orbs are appearing more and more frequently in countries around the world as TFH tries to put the 2023 Kenya fiasco behind it. The Singapore deal is the culmination of a multi-city tour across Asia by the company’s development team. Admission options are expanding in Japan as well, such as in Fukuoka City in Kyushu.

In Europe, World Coin recently opened shops in Seville and Bilbao, Spain, and quadrupled its orb count in Germany with openings in Cologne and Leipzig, joining Berlin and Nuremberg. South America also continues to be a hotspot for the company, with Orbs deployed in the Chilean cities of Concepción, Curico, and Viña del Mar, and in Argentina, where the number of users exceeded 10,000, setting a new record for single-day biometric authentication. . ‘I scanned your iris.

WorldCoin has reportedly reached an agreement with the Kenyan government and is also planning to resume operations in Kenya.

The overall picture is not entirely without flaws. At the end of 2023, WorldCoin closed its iris biometric collection in India, Brazil, and France after just a few months of operation. But the company also made its first retail integration, partnering with Shopify to launch a pop-up shop and offering free iris-scan biometric registration sweatshirts to Orb-level users.

Since launching Worldcoin in July 2023, TFH has steadily achieved its goal of providing global identity verification, and with the World App, a wallet compatible with World ID, TFH expects to have more users by the end of the year. The number has reached 5 million, and new ones are being added at a rate of about 1 million per month. The app has around 1.7 million monthly active users and over 30 million total transactions.

Article topics

Biometrics | Digital ID | Iris Biometrics | Proof of Personality | Singapore | World ID | World Coin





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