Spain has emerged as the leading market for Worldcoin in Europe, experiencing unprecedented growth in the cryptocurrency sector. According to a recent tweet by Worldcoin, more than 20,000 people join their World ID platform each month, solidifying Spain’s position as a key player in the European cryptocurrency market. This surge in popularity comes on the heels of Spain’s remarkable progress in the field of artificial intelligence (AI), positioning the country as a potential hub for AI businesses within the European Union (EU).
The co-founder of Worldcoin and CEO of OpenAI, Sam Altman, has been at the forefront of this cryptocurrency’s success. With a recent Series C fundraising round led by Blockchain Capital, Worldcoin secured $115 million, further cementing its status as a major player in the cryptocurrency industry.
Worldcoin’s World ID is a revolutionary global identification system that utilizes an AI-safe proof of personhood (PoP) credential. This system enables users to digitally prove their identity and humanity, ensuring both uniqueness and privacy. Since its inception in Madrid just over a year ago, World ID has witnessed an extraordinary uptake among Spaniards, with over 150,000 individuals signing up and more than 20,000 new registrations per month. As a result, Spain currently boasts the fastest-growing Worldcoin market in the EU.
The rapid growth of Spain’s AI industry has been a driving force behind the development of World ID in the country. In recent years, Spain has made significant advancements in its AI sector, with the need to differentiate human-related internet activity from automated processes becoming more crucial than ever. World ID provides a solution to this problem, offering a reliable mechanism to validate individual identity and ensure digital transactions are carried out by real people.
To further enhance its technical capabilities and promote human-centric AI growth, Worldcoin has enlisted the support of prominent Spanish technology organizations, Adigital and Tech Barcelona. These organizations have joined Worldcoin’s contributing team at Tools for Humanity (TFH) and are actively involved in the expansion of World ID. Through this collaboration, Worldcoin emphasizes its commitment to driving technological advancements while prioritizing the human element in AI.
Spain’s remarkable progress in AI and its favorable environment for technological innovation have positioned the country as an attractive destination for both cryptocurrency and AI businesses. With the exponential growth of Worldcoin’s World ID platform and the country’s status as the EU’s fastest-growing Worldcoin market, Spain is swiftly emerging as a key player in the cryptocurrency and AI sectors.
As the cryptocurrency industry continues to evolve and embrace AI technologies, Worldcoin’s success in Spain serves as a testament to the potential growth and significance of these sectors. With the ongoing support of organizations like Adigital and Tech Barcelona, Worldcoin is well-positioned to continue driving innovation, shaping the future of cryptocurrency, and contributing to the advancement of AI in Spain and beyond.
