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The Developer of Worldcoin Is Now Making Acquisitions

March 1, 2024
x min read
The Developer of Worldcoin Is Now Making Acquisitions

Worldcoin has an ambitious vision for the future of crypto. And now, they’re making their first ever acquisition.

What’s happening:

  • Tools For Humanity, the development company behind crypto project Worldcoin, has acquired popular Solana based wallet Ottr Finance

Going deeper:

  • Ottr Finance rose to enormous popularity for enabling individuals to seamlessly connect their crypto wallet to bank accounts in the United States
  • Worldcoin’s acquisition of Ottr Finance is aiming to revolutionize how new Worldcoin users onramp into digital assets and provide a more frictionless experience for individuals who have never before used crypto
  • The acquisition of Ottr Finance from Worldcoin comes shortly after their recent announcement of new integrations with technology giants such as Shopify (NASDAQ: SHOP) and Minecraft

By the numbers:

  • Worldcoin has 3.9M users across more than 120 different countries
  • Worldcoin has launched their Orb technology for verifying individuals in more than 36 countries since officially launching

Yes, but:

  • Despite the rapid growth of Worldcoin, the project has garnered major scrutiny from international governments and regulators over privacy concerns due to collecting biomarker data from individuals
  • Worldcoin is still unavailable for residents of the United States due to regulatory issues

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