The World Network, previously known as Worldcoin and backed by Sam Altman, has initiated a pilot program for its World ID Passport Credential. This program is currently being tested in select countries such as Chile, Colombia, Malaysia, and South Korea, with plans for expansion to other nations, including India. The main goal of the pilot program is to revolutionize online identity verification and provide users with the opportunity to earn additional WLD tokens.
The World ID Passport Credential securely stores user data on their devices and offers extra WLD tokens to eligible participants. However, as more regions are added to the program, the availability of tokens will decrease over time.
The pilot program for the World ID Passport Credential is currently available to iOS users in Chile, Colombia, Malaysia, and South Korea who possess NFC-enabled passports. The World Network has stated that support for Android devices will be introduced soon, allowing users from additional countries to access the credential system.
Apart from ensuring privacy and security, the World ID Passport Credential also provides users with new rewards. While individuals who have verified their World ID through an eligible Orb device are already eligible for a base amount of WLD tokens, those who add the Verified Passport Credential can claim additional tokens, even if their World ID has not been verified through the Orb system.
The announcement of the World ID Passport Credential and its token rewards has had a significant impact on the cryptocurrency market. The native cryptocurrency of the World Network, WLD, experienced a surge of over 13% and a trading volume increase of 145%.
The surge in WLD’s trading volume and price demonstrates its attractiveness to new users. As more individuals join the platform and participate in the World ID Passport Credential program, the value of WLD has the potential to continue rising, benefiting both users and investors.
With the launch of the World ID Passport Credential, World Network has positioned itself as a prominent player in the digital identity and cryptocurrency markets.
In today’s highlighted crypto news, the question is raised whether Worldcoin (WLD) can overcome resistance following a 14% surge.
