Kenya’s ban triggered Worldcoin’s privacy-focused strategic shift. Worldcoin’s move towards user data control increased its market value by 56.31 percent. Meanwhile, the Altcoin price made a jump in the last 24 hours with the launch of Personal Custody.
Worldcoin announced its new feature, altcoin price skyrocketed!
Worldcoin (WLD) announced the launch of its Personal Custody feature. Following this development, it experienced a significant increase in value. The altcoin price rose to a seven-day high in the last 24 hours. During the rally, WLD’s price oscillated between an intraday high and low of $8.35 and $9.45, respectively. At the time of writing, bullish momentum was still in control of the market. Thus, WLD was trading at $9.24, up 9.57% from the intraday low.
This development comes amid growing privacy concerns and regulatory scrutiny in various countries, including a notable ban in Kenya. The new feature represents a strategic turn for the altcoin project, which is focused on increasing user control over personal data and addressing privacy issues that have clouded its operations.
Worldcoin’s move to Personal Custody
Worldcoin’s launch of Personal Custody marks a significant transition in its approach to user data management. This feature allows users to keep their personal data on their devices, including images and metadata used for World ID iris code generation. Nowadays, data breaches and unauthorized access have become common concerns. This move is in response to the increasing demand for privacy and security in the digital age. Worldcoin gives users full control over their data. Thus, it aims to develop a more secure and trusting relationship with its user base.
The Personal Custody application also enables advanced features such as Face Verification. This feature allows users to verify their identity through a local, on-device process. Thus, improving Worldcoin’s security framework. This development is a step forward not only in ensuring the security of user data, but also in creating a user-centered technology ecosystem that prioritizes individual privacy and autonomy.
Altcoin project addresses privacy concerns!
Worldcoin has decided to stop storing personal data on its servers. This comes in the wake of various privacy concerns and regulatory challenges around the world. The altcoin project in particular is experiencing problems due to government security and data privacy issues. cryptokoin.comAs you follow from , Worldcoin encountered a setback in Kenya, where it banned its operations. The ban highlighted a critical need for projects like Worldcoin to adopt stricter data protection measures and comply with local regulations.
In response to these challenges, Worldcoin decided to transition to implementing Personal Custody. It has also taken a proactive approach by discontinuing optional Data Surveillance on orb visits. This move aims to strengthen the altcoin project’s commitment to privacy and security. It also aims to ensure that users’ personal information remains under their control.
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Read more: That Controversial Altcoin Announces Its New Feature: Price Jumped!