Ramp Joins Forces With Worldcoin Offering Effortless On-Ramp for WLD

Ramp is the first global crypto on-ramp provider that offers direct Worldcoin (WLD) purchases. The fintech company is excited to announce that, with the exception of the United States, they are the first crypto on-ramp provider to provide Worldcoin (WLD) direct purchases to consumers globally.

Customers may now purchase Worldcoin (WLD) via Ramp, initially through the company’s website or network of integration partners, and shortly also directly through the World app.

This exciting accomplishment represents a significant advancement in its ongoing attempts to attract the most impactful and creative initiatives to its platform.

Why Worldcoin is Important?

The objective of Worldcoin is to create an inclusive, worldwide identification and financial network which also aligns with the mission of Ramp. The team behind Worldcoin wants to enable people, not just bots, to take charge of a new financial system.

Worldcoin’s World ID seeks to be person-bound, which means a World ID should only be used by the person to whom it was granted. It is co-led by Sam Altman, the CEO of OpenAI. This is accomplished via a thoroughly thought-out mechanism that binds tokens to a distinct identity created by the hash of each user’s biometric iris scan.

The purpose of employing an iris scan is to make it harder for a dishonest actor to get World ID credentials that do not belong to them and to make it simpler for users to recover a lost or stolen World ID.

Proof-of-personhood

The creative use of specialized biometric technology, notably an iris-scanning device known as the Orb, has given rise to the ground-breaking proof-of-personhood notion that underpins Worldcoin.

The main objective is to make sure that every user of the Worldcoin network is a distinct human being. This will eliminate any possibility of the system being manipulated by AI-driven bots or duplicate identities, a risk that Worldcoin’s Sam Altman is well aware of and that historian and Sapiens author Yuval Noah Harari has repeatedly warned against.

The firm emphasizes that images gathered during verification are, by default, instantly wiped from the device (unless express authorization for Data Custody is given), protecting consumers’ privacy and data. This strategy establishes a new benchmark for digital identification by developing an AI-resistant system for verification.

Empowering Humans

The Worldcoin financial system puts humans in the front thanks to the usage of this iris scan biometric verification technique. It strives to make sure that authenticated human users, rather than bots or AI-controlled entities, inhabit the digital world.

WLD Launch Information

The platform is first offering an on-ramp for WLD that is operating on Optimism (OP), but it is also planning to enable WLD on other networks, such as Ethereum. This is in line with its objective to provide a smooth and intuitive user experience while prioritizing scalability and efficiency.

Its Worldcoin on-ramp service won’t be accessible in the US at launch due to existing restrictions. The team is always monitoring changes to the regulatory environment for any prospective modifications.

The platform will only provide on-ramp services during this first round of integration with Worldcoin. To enhance off-ramp services for WLD during the second half of 2023, the crew is hard at work around the clock.

What’s Coming Up?

The Ramp team is excited to take part in this journey and is hopeful about the future of Worldcoin. It believes that by working together, they can create a financial system that is fairer and more equal for everyone. Users can join the thrilling new chapter as the platform strives in bringing the best of cryptocurrency and facilitate easy access to a larger digital economy.