Worldcoin: Argentina Is Our New LATAM Center of Operations

Argentina Worldcoin
Last updated:
Author
Tim Alper
Author Categories
About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Worldcoin

says it will make Argentina its “regional operations center,” and will expand its presence in the country and the wider LATAM region.

Per the media outlet Criptonoticias, the firm, which operates the WLD token, says it will open iris-scanning offices “in 50 locations” “in more than 10 cities in Argentina.”

A graph showing Worldcoin (WLD) prices over the past 24 hours (June 13, 2024)
Worldcoin (WLD) prices over the past 24 hours (June 13, 2024) (Source: CoinGecko)

New Worldcoin Argentina Expansion Plans

Worldcoin executives met with top government officials in Buenos Aires earlier this year. They have also met with President Javier Milei. These talks appear to have laid the groundwork for the new move.

The altcoin’s representatives have scanned the irises of more than half a million Argentines in just 10 months.

While this has provoked no shortage of controversy for lawmakers and government regulators, long lines have formed outside Worldcoin centers nationwide.

An unofficial Worldcoin reselling industry has also sprung up, with many WLD recipients swapping their coins for fiat at “50% of their market value.”

The firm says it plans to turn Argentina into the “nerve center” of its operations in the Latin American region.

Officials said Worldcoin will also open two centers where citizens “will be able to learn about the technology and discover more about the project.”

Worldcoin said that the decision to focus on Argentina was made after a meeting with Milei in San Francisco, California.

Argentina a Natural Choice, Says Operator

Martín Mazza, the regional manager of the Worldcoin operator Tools for Humanity, said that Argentina was a natural choice.

Mazza said that the nation’s advanced “technological ecosystem” and highly qualified workforce made it “an ideal place for the development of […] artificial intelligence.”

Additionally, Mazza said that Buenos Aires will become “a regional center.” He added that Tools For Humanity wants to “deepen its collaboration with the Argentinean community.”

Such a move, he said, would “promote the development of AI and financial inclusion in the country.”

The executive concluded that the decision to focus on Argentina “underlines the strategic importance of Latin America for Worldcoin” as the project “targets further growth.”

As well as Argentina, WLD is also gaining traction fast in other Latin American nations like Chile, Peru, Colombia, and Mexico.

In April, the firm also announced expansion plans for Mexico, where it began operating in July 2023.

More Articles

Industry Talk
Bittensor Price Skyrockets as Elon Makes a Move on OpenAI – Are AI Tokens About to Explode?
Arslan Butt
Arslan Butt
2025-02-12 11:19:57
Altcoin News
31% of Central Banks Have Delayed CBDC Plans Due to Regulatory Concerns: Survey
Ruholamin Haqshanas
Ruholamin Haqshanas
2025-02-12 11:17:26
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors