Deep Dives

Kenya halts Worldcoin's eyeball-scanning crypto project

August 2, 2023
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A new initiative called Worldcoin is registering people in Nairobi for access to a global financial network. This has caused large crowds to gather at pop-up registration centers, leading to some being locked out due to security concerns. Participants are eager to register for financial reasons, while Worldcoin's founder sees the initiative as a way to confirm human identity and possibly pave the way for universal basic income.

Registration Process in Nairobi:
  • Pop-up registration centers have been set up in Nairobi for Worldcoin.
  • Large crowds have resulted in some people being locked out due to security risks.
  • Participants like Webster Musa and Dickson Muli have been eager to register, driven by financial needs.

  • Worldcoin's Objective:
  • Worldcoin aims to create the world's largest identity and financial network, offering universal access to the global economy.
  • The project seeks to include people from all countries and backgrounds.

  • Founder's Perspective:
  • Sam Altman, the founder, hopes the initiative will help verify if someone is human or a robot.
  • He also suggests that it could lead to universal basic income, although the details are unclear.

  • Choice of Kenya:
  • Worldcoin chose Kenya as the first African launch site due to its booming tech space.
  • Over four million Kenyans are already trading in crypto, making it a suitable location for the platform.

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