worldcoin (WLD) joined the risers of the day after rising by up to 5% to $ 1.67 during the day. The rise of WLD occurred as a result of progress in adoption within its broader ecosystem.
According to details shared in a blog post recently, Worldcoin said it was able to recruit up to 200,000 people who can verify World IDs in Chile, a strategic ally in Latin America (LATAM). As detailed by Worldcoin, the total individuals taken on board constitute 1% of the entire population of Chile, currently pegged at approximately 19.5 million people.
Worldcoin thinks this adoption rate in Chile is very promising for its global expansion effort and has announced a new strategic partnership to help support demand in the country.
“To help meet the demand, project participants at Tools for Humanity (TFH) recently began operations in Vina del Mar and Concepcion. “These locations operate in addition to established operations in the country’s capital, Santiago,” it said.
The growth experienced by Worldcoin comes despite the extensive regulatory pressure the protocol has witnessed in many jurisdictions around the world. While the expansion in Chile is a rare exception, Worldcoin faces investigation in jurisdictions such as Argentina, Germany and Kenya.
As the demand for Worldcoin from users with registered World IDs increases, we are constantly bound to see more interesting market actions that may have a corresponding impact on the price. The current growth momentum further underscores WLD’s susceptibility to bowing to continued market pressure, as we’ve seen over the past few weeks.