Worldcoin, a privacy-preserving identity verification system, has announced its expansion into Ecuador, a significant step in its global expansion plan. This move has boosted investor confidence, leading to a surge in the price of WLD, its native cryptocurrency.

The World ID orb verifications will be available across six locations in two cities in Ecuador, starting June 26. This expansion marks a major milestone in Worldcoin's mission to establish a global identity verification network. The introduction of World ID in Ecuador extends Worldcoin's footprint across Latin America, joining Argentina, Chile, Colombia, Mexico, and Peru, which already offer World ID verification.

The expansion is expected to be supported by local surveys showing strong demand for human identity verification technology in the region. A recent survey by Tools for Humanity, a Worldcoin contributor, revealed that 92% of Ecuadorian respondents favor technology that distinguishes humans from bots online. This sentiment aligns with findings from other Latin American countries, underscoring a regional demand for secure digital interactions.

The move to Ecuador is part of a broader initiative to create a robust identity verification network across Latin America, ultimately aiming to safeguard digital interactions from increasing online threats. Worldcoin's commitment to expanding in Latin America includes significant investments, particularly in Argentina, where plans are underway to establish Argentina as a regional hub for Worldcoin.

Despite the positive developments, Worldcoin faces legal challenges in some regions. For example, Worldcoin halted its operations in Spain following a data protection probe by the AEPD. These legal issues underscore the complex regulatory landscape that Worldcoin must navigate as it continues to expand globally.

As of writing, WLD price soared 5.20% to $2.99, with its one-day trading volume falling 24% to $163.15 million. Over the last 24 hours, the crypto has touched a low of $2.75. Furthermore, the WLD Open Interest soared more than 13% today to $138.71 million, CoinGlass data showed.