World App Reaches 10 Million Users in Less Than a Year: A Milestone for Worldcoin (WLD) Wallet
World App, the first native Worldcoin (WLD) wallet, has achieved a significant milestone by reaching 10 million users in less than a year since its launch. The wallet, which is compatible with World ID, has quickly gained popularity worldwide, serving users in over 160 countries and facilitating over 70 million transactions.
Launched in May 2023, the World App has seen rapid growth, with 4 million downloads by November. The app has become one of the top self-custodial wallets globally, handling an average of 7.1 transactions per second. Tiago Sada, Head of Product at TFH, expressed excitement about the milestone, emphasizing the app’s user-friendly approach to crypto technologies.
The World App aims to simplify crypto interactions by focusing on essential functions such as identity authentication, global transactions, token swaps, and access to Worldcoin Grants. The app supports a wide range of mobile devices, offers gasless transactions, and provides 24/7 support in over 10 languages.
Remco Bloemen, head of blockchain at the Worldcoin Foundation, praised the success of the World App as a stepping stone for further adoption and innovation within the Worldcoin ecosystem. He highlighted the community’s goal of decentralization and accessibility through the development of more user-friendly wallets.
One notable story from Kenya showcases the app’s impact, where a user purchased a goat using Worldcoin, leading to donations that enabled the user to acquire more livestock. Sada emphasized the life-changing potential of cryptocurrency and the app’s vision to empower users globally.
Despite its success, Worldcoin has faced regulatory concerns regarding its biometric data collection practices in some countries, including Kenya. The project has taken steps to address transparency by making its code open-source, undergoing security audits, and receiving praise from industry experts.
As the World App continues to serve millions of users, TFH demonstrates the vast possibilities of crypto in enhancing global economic engagement. The app’s growth reflects a growing interest in self-custodial wallets and the potential for crypto to drive financial inclusion on a global scale.
