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World App Reaches Milestone of 10 Million Users
World App, the pioneering native Worldcoin (WLD) wallet, has achieved a significant milestone by surpassing 10 million users within less than a year since its launch. This accomplishment underscores the swift and widespread adoption of the app, emphasizing its importance in delivering accessible and secure self-custodial wallet services on a global scale.
The Journey to 10 Million Users
The World App was officially introduced to the market in May 2023 and rapidly gained traction, garnering 4 million downloads by November of the same year. Presently, the app caters to a user base spanning more than 160 countries, with 2 million individuals actively using it on a daily basis, facilitating an impressive 70 million transactions overall.
This exponential growth has firmly established the World App as one of the premier self-custodial wallets worldwide, distinguished by its ability to handle an average of 7.1 transactions per second effectively.
Insights from TFH’s Head of Product
“Reaching this milestone demonstrates the potential of making the fundamental technologies of Ethereum accessible and user-friendly. The World App represents our dedication to simplicity and functionality in the crypto domain,”
said Tiago Sada, the Head of Product at TFH, expressing enthusiasm for the achievement and emphasizing the tangible impact it signifies.
Functionality and Features
The World App is engineered to streamline crypto interactions by prioritizing the core functionalities of both Worldcoin and Ethereum. It empowers users to authenticate their identity through World ID, conduct global transactions devoid of fees, participate in crypto token swaps, and access Worldcoin Grants across various sectors.
With a diverse user base in mind, the app boasts compatibility with a wide array of mobile devices, enables gasless transactions, and offers round-the-clock customer support in more than 10 languages.
Paving the Way for Innovation
Remco Bloemen, the head of blockchain at the Worldcoin Foundation, commended the success of the World App as a catalyst for increased adoption and innovation within the Worldcoin ecosystem. He expressed anticipation for the emergence of more wallets tailored to suit the preferences of different user segments, aligning with the community’s overarching objectives of bolstering decentralization and accessibility.
An illustrative anecdote highlighting the app’s transformative potential originated in Kenya, where a World App user utilized Worldcoin to purchase a goat. This heartwarming tale resonated within the crypto community, prompting donations that enabled the user to acquire additional livestock.
“Such stories vividly exemplify the life-altering potential of cryptocurrency. Our vision is to facilitate similar empowering encounters on a global scale,”
emphasized Sada, underlining the app’s commitment to driving positive change through technological innovation.
Continued Advancements Amidst Challenges
With the World App now servicing a user base exceeding 10 million, TFH continues to showcase the vast opportunities presented by crypto assets in fortifying global economic interactions. This notable progress unfolds against a backdrop of regulatory apprehensions regarding Worldcoin’s biometric data collection procedures in various nations, including Kenya.
Worldcoin has recently taken steps towards greater transparency by releasing a significant portion of its code as open-source software. The project has also undergone a rigorous security evaluation, receiving accolades from industry leaders for its commitment to safeguarding user data.
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