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Worldcoin Receives Strong Support In Spain, WLD Price Soars 3% – Crypto News

Published

12 months ago

June 6, 2024

Dripp

Worldcoin, led by Sam Altman, has caught the eyes of tech-market enthusiasts amid strong support received in Spain. Notably, this development has led to a 3% increase in the Worldcoin’s native crypto WLD price. This surge indicates the growing optimism amid the positive impact of the recent announcement from Sam Altman’s firm.

Worldcoin Gains Robust Support In Spain

In a recent announcement, Worldcoin said that it has recently conducted a survey of over 21,000 Spanish users to gauge their opinions on the platform. The results were overwhelmingly positive, with nearly 90% of respondents supporting the return of Worldcoin operations in Spain.

Notably, this feedback highlights the growing importance of digital proof of humanness in the country. Besides, according to the survey, 73% of respondents believe that Worldcoin can help create a safer and more secure internet.

In addition, 82% see technologies like World ID as crucial for distinguishing between humans and bots online. The survey also revealed that 81% of users feel safe using Worldcoin.

These findings underscore the strong support for Worldcoin’s privacy and security measures. The platform said that it uses zero-knowledge proofs (ZKP) to protect user privacy and employs an SMPC system to encrypt iris codes. Notably, this approach ensures users’ data remains secure and private, according to the firm.

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Privacy and Compliance Commitment

As per the latest development, as cited in the announcement, Tools for Humanity (TFH), a Worldcoin contributor, has extended the pause on orb operations in Spain to allow for a thorough GDPR compliance audit by BayLDA, the lead authority in Bavaria. This voluntary move demonstrates Worldcoin’s dedication to transparency and regulatory adherence.

Thomas Scott, Chief Legal Officer at TFH, emphasized the commitment to addressing privacy concerns. In addition, he lauded the recent survey while showing the project’s commitment to working closely with the authority.

On the other hand, the report also highlights that global support for proof of humanness is also growing. Surveys in Peru, Mexico, and Colombia show similar trends. In Peru, 90% of respondents want technology-based solutions to differentiate humans from bots.

Simultaneously, in Mexico, 75% feel safer knowing the content is human-generated. These findings align with the increasing need for reliable methods to verify human presence online.

Following the survey released by Wordlcoin, WLD price soared 3.12% and exchanged hands at $5.03, while its trading volume soared 18% to $306.98 million. Notably, the crypto has touched a high of $5.10 and a low of $4.86 in the last 24 hours.

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