HomeWorldWorldcoin Gains 90% Support in Spain, WLD Price Soars 3%

Worldcoin Gains 90% Support in Spain, WLD Price Soars 3%

Date:

Related stories

spot_imgspot_img

  • Worldcoin has gained strong support in Spain, with 90% of surveyed users backing its return and WLD prices increasing by 3%.
  • The survey showed that 73% of respondents believe Worldcoin can enhance internet security.

In a recent survey, Worldcoin, a cryptocurrency initiative co-founded by OpenAI’s Sam Altman, revealed that nearly 90% of its Spanish World ID holders support the return of its services. This survey underscores the significance of digital proof of humanness and Worldcoin’s commitment to privacy and data protection.

Conducted by Tools for Humanity (TFH), a key contributor to Worldcoin, the survey engaged over 21,000 Worldcoin users in Spain through the World App in late May. The survey explored users’ views on Worldcoin, biometric technology, proof of humanness, and data privacy measures.

The survey highlighted a growing recognition of the need for digital proof of humanness in Spain. According to the findings, 73% of respondents believe Worldcoin can contribute to a safer and more secure internet environment. Furthermore, 82% view technologies like World ID as essential for distinguishing between humans and bots online. Additionally, 81% of users expressed confidence in the safety of using Worldcoin, reflecting strong support for its privacy and security measures.

Emphasis on Privacy and Control

Worldcoin emphasizes its dedication to privacy and user control. The project asserts that it does not track individuals but rather confirms their human and unique status. World ID utilizes zero-knowledge proofs and a sophisticated Secure Multi-Party Computation (SMPC) system to protect users’ iris codes. Worldcoin offers features such as personal custody of information, optional data storage for AI training, and the ability to permanently delete iris codes for enhanced data control.

Despite these assurances, Worldcoin voluntarily suspended its operations in Spain on June 4, as previously highlighted by Crypto News Flash. This decision followed an order from the Spanish Data Protection Agency (AEPD) in March, which instructed TFH to halt collecting and processing personal data related to its Worldcoin project.

Regulatory Scrutiny and International Challenges

TFH extended the suspension of Worldcoin orb operations in Spain, allowing the Bavarian Data Protection Authority (BayLDA) to complete its audit. This audit, focused on Worldcoin’s compliance with the General Data Protection Regulation (GDPR), has been ongoing for over a year with TFH’s full participation.

The AEPD’s cease order is a precautionary measure aimed at protecting individual rights and freedoms under GDPR. The National Court also supports this decision, emphasizing the importance of safeguarding personal data over corporate interests.

Worldcoin faces similar legal challenges in other jurisdictions. For instance, operations in Kenya have been suspended, and investigations are ongoing in Latin American countries such as Argentina and Chile. Despite these hurdles, Worldcoin continues its expansion efforts, particularly in Latin America, where it offers World ID verifications in Colombia. Currently, ten orb locations are operational in Colombia, with more planned for the future.

Following the release of the survey results, Worldcoin’s native cryptocurrency, WLD, experienced a 2% price decline, reaching $4.81. The trading volume also saw a 7% decline, amounting to $302.98 million. The crypto’s price fluctuation in the last 24 hours ranged from a high of $5.10 to a low of $4.75.

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img