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.”
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.
