The Worldcoin App Hits the Ten Million User Milestone
The World app was launched just under a year ago but experiences rapid adoption, which shows how interesting the project to people worldwide
April 15, 2024 01:00 AM
Reading time: 1 minute, 32 seconds
TL;DR World App, the first wallet to support World ID, has reached a remarkable milestone of 10 million users in less than a year. This rapid growth highlights its global reach and the increasing adoption of Worldcoin and Ethereum technologies. The app's success showcases its potential to revolutionize the crypto domain with simplicity and functionality.
In an impressive achievement for the Worldcoin ecosystem, the World App has surpassed 10 million users, marking a significant milestone in its journey to make cryptocurrency accessible and user-friendly.
Launched in May 2023, the app has seen a rapid adoption rate, reflecting the growing interest in Worldcoin (WLD) and the broader potential of blockchain technology.
Global Reach and User Engagement
Since its launch, the World App has expanded its services to over 160 countries, with a daily engagement of 2 million users and facilitating more than 70 million transactions.
This global reach and high level of engagement have positioned it among the top self-custodial wallets, showcasing the app's robust infrastructure capable of handling an average of 7.1 transactions per second.
"Reaching this milestone demonstrates the potential of making Ethereum's fundamental technologies accessible and user-friendly," said Tiago Sada, Head of Product at TFH.
Simplifying Crypto Interactions
The World App aims to simplify cryptocurrency interactions by focusing on the essential functions of Worldcoin and Ethereum. It allows users to authenticate their identity with World ID, execute global transactions without fees, engage in crypto token swaps, and access Worldcoin Grants in various areas.
The app's design accommodates a broad user base, supports most mobile devices, and offers gasless transactions. It also provides 24/7 support in over ten languages.
Empowering Global Economic Engagement
A notable example of the World App's impact comes from Kenya, where a user could purchase a goat using Worldcoin.
This story not only garnered attention within the crypto community but also demonstrated the empowering potential of cryptocurrency in real-world applications. TFH continues to pursue its vision of enabling life-changing experiences through crypto on a global scale.
Amidst its success, the World App's development occurs against regulatory concerns regarding Worldcoin's biometric data collection practices.
However, the app's rapid growth and widespread adoption underscore the crypto community's enthusiasm and the potential for greater economic engagement worldwide.
