Worldcoin launches its ORB verification system in Malaysia, Worldcoin is a cryptocurrency project started in 2020 by Sam Altman, is taking major step to improve global financial systems.
This new system create a special digital identity using iris-scanning technology. This is a major move in Worldcoin’s plan to offer financial services to people all over the world, that especially to those who don’t have access to regular banks.
Worldcoin’s Goal for Financial Inclusion
Worldcoin’s main goal is to provide financial services to everyone, no matter where they live or how much money they have. Many people around the world still don’t have access to basic banking services, and Worldcoin wants to solve this problem. By offering a universal digital identity system, the project helps people access financial tools while keeping their personal information private through the World ID system.
ORB Verification Launch in Malaysia
With the Orb verification system now in Malaysia, people in the country can use the Orb to create their unique digital identity. They can receive WLD tokens and access Worldcoin’s services.
This launch also shows that how biometric technology can help expand global identity systems. The World ID system protects user privacy through zero knowledge proofs, which verify identity without keeping personal information. This one also helps to stop bots from cheating the system and makes sure that the tokens are fairly distributed.
Global Blockchain Events and Expansion
Worldcoin has been promoting its technology at the major blockchain events. At Korea Blockchain Week 2024, Worldcoin allowed people to use the Orb to verify their World ID. Attendees were able to try out the technology and see how it works.
This event showed Worldcoin’s strong focus on growing its global presence and its plans for the future. The Orb system attracted a lot of attention and highlighted Worldcoin’s mission of financial inclusion.
Challenges in India :
As Worldcoin’s journey has not been without challenges. In India, the company faced overwhelming demand for its Orb verification service. In December 2023, large crowds and safety issues forced Worldcoin to pause its operations there.
However, Worldcoin plans to restart Orb verification in India in 2024. The company will have better plans to handle the high demand and keep the process safe and smooth. This will help Worldcoin connected with the Indian market and continue its mission of financial inclusion.
As mentioned in Worldcoin’s Twitter, more ORBs are expected to be rolled out soon.
It’s likely that India will be one of the next places to receive them. After the success at South Korea Blockchain Week 2024, there is growing anticipation that India will experience a similar event during Indian Blockchain Week 2024 in December. This could mark an important step in bringing Worldcoin’s ORB verification back to India.
India Blockchain Week 2024
As India Blockchain Week 2024 approaches in Bangalore, there is growing excitement that Worldcoin might attend. The event, set for December, will feature over 50 blockchain and Web3 activities, bringing together developers, leaders, and enthusiasts.
If Worldcoin joins, attendees will have the chance to verify their World ID using the Orb device. This could be an important step for Worldcoin in resuming the Indian market and expanding its user base.
Conclusion :
The launch of ORB verification in Malaysia is an important move in Worldcoin’s global growth. Using biometric technology, Worldcoin is not just giving out tokens but also helping solve financial exclusion. As it expands to more countries and plans to return to India, Worldcoin is becoming a leading force in global financial systems.
With a focus on privacy, security, and accessibility, Worldcoin is getting closer to its goal of providing financial services to everyone, everywhere.
