The inaugural World App, designed as a native wallet for Worldcoin (WLD), has achieved a significant milestone of 10 million users within just under a year since its launch. This milestone underscores the app's accessibility and contribution to global self-custodial wallet services, particularly with its compatibility with World ID.

Launched in May 2023, the World App rapidly gained traction, hitting 4 million downloads by November of the same year. It now serves users in over 160 countries, with 2 million active users daily and facilitating over 70 million transactions.

This growth firmly establishes the app as one of the leading self-custodial wallets worldwide, showcasing its capability with an average of 7.1 transactions per second. Tiago Sada, Head of Product at TFH, expressed excitement about the milestone, emphasizing its tangible impact and the team's commitment to simplicity and functionality in the crypto realm.

The World App's objective is to simplify crypto interactions by focusing on essential functions, such as authentication with World ID, fee-less global transactions, token swaps, and access to Worldcoin Grants. It caters to a diverse user base, supports various mobile devices, offers gasless transactions, and provides round-the-clock support in over 10 languages.

Remco Bloemen, head of blockchain at the Worldcoin Foundation, commended the app's success as a gateway for further adoption and innovation within the Worldcoin ecosystem. He highlighted the community's goal for increased decentralization and accessibility, anticipating the development of more wallets to cater to diverse user preferences.

One noteworthy example of the app's impact is from Kenya, where a user purchased a goat using Worldcoin, sparking support and donations from the crypto community, enabling the user to acquire additional livestock.

Sada emphasized the transformative potential of cryptocurrency, envisioning similar empowering experiences on a global scale.

With over 10 million users, TFH continues to showcase the broad potential of crypto in facilitating global economic engagement. This development occurs amid regulatory concerns about Worldcoin's biometric data collection practices, prompting efforts towards transparency through open-sourcing of code and undergoing security audits, receiving commendation from industry leaders.