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Home»TRADING NEWS»Singapore welcomes innovative identity verification
TRADING NEWS

Singapore welcomes innovative identity verification

By Crypto FlexsDecember 30, 20232 Mins Read
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Singapore welcomes innovative identity verification
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Singapore adopts Worldcoin’s advanced iris scanning technology

Worldcoin, known for its unique identity verification technology, recently expanded its services to Singapore. This strategic move follows a brief suspension of operations in India, demonstrating the company’s adaptive and expansive strategy in global markets.

Singapore: A new chapter in the Worldcoin journey

Worldcoin announced in a blog post on December 27 that Singapore residents can now access iris scanning spheres in five locations. This expansion indicates that Worldcoin’s global presence is steadily growing despite the temporary suspension of services in India. The company’s website confirms the availability of verification services in 11 countries, including the United States.

However, it is worth noting that in some countries, such as Kenya, Worldcoin services have been suspended in those regions due to privacy concerns being raised.

Worldcoin’s growing user base and the road ahead

Since its launch in 2021, Worldcoin has seen a significant surge in user engagement. More than 2 million people have already signed up for the service ahead of its official launch in July 2023. Worldcoin currently reports that more than 5 million individuals have created accounts globally, making up approximately 0.06% of the world’s population.

Sam Altman’s Brief Setback and Recovery

The journey of Worldcoin founder Sam Altman was also eventful. Altman, who is also the co-founder and CEO of OpenAI, faced a temporary setback last November when he was forced out of his position at the artificial intelligence research company. This decision led to a wave of resignations from his colleagues at OpenAI. But Altman’s tenure quickly recovered after just 12 days, marking a significant rebound.

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