The pilot of the new World ID Passport Credential is launched, with access to WLD tokens
World ID Credentials, which were introduced at the "A New World" event in San Francisco, are now being tested in select countries including Chile, Colombia, Malaysia, and South Korea.
This new feature of World ID, highly secure and anonymous, significantly increases global access to the network world and paves the way for greater utility of World ID. It also allows individuals to claim additional WLD tokens* where available.
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It is unlikely that Worldcoin can surpass Bitcoin, as the latter has been in the market for over 15 years and Worldcoin is a new project.
Worldcoin is a cryptocurrency that was launched in 2020 and is generated by scanning users' irises with a tool called Orb. Despite being in the top 100 by market capitalization, some experts believe it still lacks the maturity to be compared to Bitcoin.
Worldcoin has faced criticism for potential privacy violations, surveillance risks, and ethical complexities. Some countries, such as Kenya, India, South Korea, Germany, and Brazil, have investigated the company's data collection practices. In May 2024, Worldcoin was ordered to cease its operations in Hong Kong due to privacy violations.
Worldcoin versus Bitcoin: Which is preferable? Both schemes have their cryptocurrencies that are driven by their seed investor, private investor, and general user. Moreover, they are explicitly traded by cryptocurrency exchanges and are used as a medium of value for storage or abstract investment. Therefore, the WLD versus BTC in terms of token significance and interchangeability are quite comparable considering that both their meanings fluctuate according to the twists of market events.
A quick look at a price chart of WLD versus BTC Both Worldcoin versus Bitcoin experience similar fluctuations as all major cryptocurrency exchanges; it is true that during the same period they can perform better than older cryptocurrencies, but they are still intricate and function like other major exchange platforms. Thus, the competition between WLD and BTC cannot be determined solely by looking at the price on the platform and the program.