After a Pause in India, Worldcoin is Continuing Its Expansion to Singapore

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Last Updated on December 28, 2023 by Bitfinsider

Sam Altman, the CEO of OpenAI, co-founded the cryptocurrency project Worldcoin (WLD), which declared its launch in Singapore on Wednesday.

“Individuals in Singapore can now verify their unique humanness at an Orb in the latest sign of growing global interest in proof of personhood and the Worldcoin project,” the group wrote on its website.

While Worldcoin’s post highlighted the possible benefits of debuting in a major and prosperous economic center like as Singapore, the project has lately terminated registration services in Brazil and France and put a halt to operations in India. Worldcoin said that its projects in Brazil and France were merely designed to be sneak peeks before going larger in 2024.

“Orb-verified proof of personhood services have been temporarily scaled back [in India] as the protocol works to develop and roll out a bespoke, safe and orderly process that sufficiently meets the demand,” the Worldcoin Foundation added.

With its Orb devices, the Worldcoin project focuses on identity, scanning people’s irises to “verify their humanness.” WLD tokens are also distributed by the project as a means of encouraging users to join the protocol. Even though WLD’s price dropped significantly at first following introduction, it has since increased, and as of 2:30 p.m. ET, it was trading at $3.70.

“In addition to World ID verifications, project contributor Tools for Humanity (TFH) has become a member of two of Singapore’s most respected startup and tech associations: ACCESS and the Singapore Fintech Association (SFA),” Worldcoin added. “The project launch and association memberships come in the wake of a recent multi-city tour in Asia made by members of the TFH product development team.”

Worldcoin’s primary developer is Tools For Humanity. Alex Blania, who serves as CEO, and Altman co-founded the business.

The Worldcoin website states that there are five places in Singapore where individuals can be verified at the moment.

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