Spain Forces Worldcoin (WLD) To Halt Operations As the Project Claims 87% of Spanish Users Support Its Return

Artificial intelligence (AI)-based digital asset Worldcoin (WLD) is claiming that nearly nine out of ten users in Spain, a country that banned it earlier this year, support the altcoin’s return.

In a new blog post, Worldcoin an eye-scanning, privacy-focused project founded by OpenAI CEO Sam Altman says it has conducted a study of 21,000 Spanish users and found that about 90% of them support it coming back.

“A new customer survey of more than 21,000 people in Spain, the first of its kind to give a voice to Worldcoin users, shows just how important digital proof of humanness has become in the country and the extent to which people recognize the value provided by World ID…

Importantly, 81% of respondents stated that they feel safe using Worldcoin (15% were unsure). The survey results also showed that respondents in Spain strongly support the return of Worldcoin operations in the country (87% support, with 9% unsure).”

Worldcoin works by having users scan their eyes using a special orb peripheral. In March, Spanish regulators ordered Worldcoin to stop collecting data after receiving numerous complaints from customers that its data-gathering process was invasive.

However, at the time, Worldcoin said it would be taking legal action against Spain as it was in compliance with all of the nation’s laws.

In the blog post, Worldcoin says that it has agreed to halt operations in Spain until the end of 2024 when a consultation process is concluded.

“TFH (Tools for Humanity) voluntarily offered to extend the pause of Worldcoin orb operations in Spain. This allows BayLDA in Bavaria, the competent lead authority responsible for oversight of Worldcoin’s GDPR (General Data Protection Regulation) compliance, the time to complete its audit a process that TFH has been fully participating in for over a year.”

WLD is trading for $4.93 at time of writing, a marginal increase during the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Source Link

Related Article


Leave a Comment