Data obtained by the developer team, Tools for Humanity, shows that the ‘World App’ for iOS and Android has been downloaded 4 million times.
The company behind the iris-scanning cryptocurrency Worldcoin announced in a blog post on November 1 that their mobile World App had surpassed 4 million downloads. If this figure is verified by CoinGecko, World App would be the sixth most downloaded software wallet overall.
The Worldcoin team, who name themselves Tools for Humanity, say that their monthly user base has grown to nearly 1 million from 600,000 in only the last six months.
In order to verify their humanity, Worldcoin users are able to have their irises examined. With their “World ID,” users may prove to apps that they are not robots by scanning their irises. Each verified user gets 25 WLD tokens, which are currently worth around $47 (November 2, 2023).
In emerging economies like Argentina, where registering and selling the coins is considered by some as a simple way to earn some additional cash, the concept has gained traction.
However, Worldcoin has also been accused of posing a threat to users’ personal information. Some people think it’s excessively centralised and a security risk for users because of this.
Users of Worldcoin will need to download the World App and sign up for an account before they can cash out their WLD. The group announced that the app has been downloaded more than 4 million times in a post on November 1. If that’s the case, it would rank higher on CoinGecko than the Solana Phantom wallet but lower than Bitcoin.com’s Bitcoin wallet.
It seems that some of the people who sign up for the app really end up using it after downloading it. One million unique users download the app each month, 500 thousand use it each week, and 100 thousand use it each day. According to the announcement, this is twice as many people as were using it monthly only six months earlier.
Some privacy advocates, despite the project’s benefits, continue to criticise it. Due to privacy issues, a Kenyan legislative committee demanded that Worldcoin cease operations on October 2. The enterprise not only cooperated with the ruling, but also released a statement insisting that it followed all applicable privacy rules.
