Worldcoin’s digital ID wallet reaches 4M downloads in 6 months
Biometric cryptocurrency and digital identity company Worldcoin released World App, a digital wallet, six months ago. Since then, it has reached 4 million downloads according to Tools for Humanity, the app’s developers. There are also over 100,000 active users daily and over 500,000 weekly. Monthly active users have reached 1 million worldwide.
Users have made more than 22 million transactions from their self-custody wallet, which Worldcoin credits to a recent update that made the app more cost efficient and reduced the load on Optimism by two thirds.
Transactions for World ID holders are gas (transaction fee) free. The company says its app features an intuitive UX design, making crypto more accessible for newcomers. It only displays the most relevant parts of the Worldcoin and Ethereum ecosystems.
The app is available on iOS and Android and is 18MB in size. It is localized to a variety of languages and supports 98.2 percent of Androids and 94.5 percent of iPhones actively being used in the world today. Localization will continue to expand to include additional languages and currencies.
“It’s inspiring to see so much excitement around the world in less than six months since launching World App,” says Tools for Humanity Head of Product Tiago Sada. “The team has been heads down working on meeting the current demand, and as the need for digital identity and digital finance continues to become more pressing, we know this is just the beginning.”
The company’s ambitions go far beyond its current scale. Sada told Reuters that India’s Aadhaar, the world’s largest digital ID system, is “(a) really good analogy for the type of impact something like Worldcoin can have.”
This post was updated at 10:11am Eastern on November 2, 2023 to include the comparison to Aadhaar.