Langata member Of parliament Phelix Odiwour has expressed his concerns about the ongoing registration of world coin.
Through a post on his Instagram stories shared his thoughts on the ongoing registration that is taking place in the country.
Today a flock of jobless Kenyans both old and young have been seen lining up on huge ques along the Kenyatta International Conference Center waiting for their turn to be registered with World Coin.
“Ni Mimi tu ama hii World Coin ni utapeli…naona watu watalia,” Jalango said.
During its Launch in Kenya Wangechi Mwangi,Market Manager for TFH in support of WorldCoin East Africa, revealed that Kenya is very integral in the world Coin investment.
”Kenya is the financial and tech hub of East Africa, and there’s a strong, natural interest here in the technologies that are shaping the global digital economy,”
“WorldCoin is a good example of that kind of technology, not only because of the service it provides but because, through the engagement of Tools for Humanity, it allows Kenyans to learn more about cutting-edge financial and identity products,” it stated.
The Worldcoin protocol is intended to be the world’s largest identity and financial public network which will be open to everyone regardless of their country, background or economic status.
Worldcoin needs it’s applicants to be verified through scanning device known as Orb that scans your eyeball. After verification, the users receives token that can be traded in the cryptocurrency market and be receive liquidity.
In Kenya, hundreds have thronged malls and other registration points to receive the tokens. The tokens in Kenya amount to about Ksh 7000.(The WLD 25 tokens translate to Ksh.7786.)
Despite of most Kenyans having little knowledge on how the cryptocurrency market works, many have seized the opportunity to get the tokens to finance themselves.
“Their is nothing to lose in the registration…you just gain after being scanned. All you have to do is to wake up early and line up for the tokens after getting scanned,” Mwavasi a binance trader said.
Despite assertation from the World Coin dealers, the Sam Altman led investment has faced a number of critics from people as many see it as giving people ‘peanuts’ from the millions they traders will make from the platform.
The Data Protection Commission in Kenya has also warned Kenyans to be very vigilant when giving their data on the platform.
“The ODPC is aware that WorldCoin has now been launched and is processing sensitive personal data in a manner that requires a demonstration of proper safeguards under the Data Protection Act, 2019,” reads a statement from the commission.
The commission through a statement said that people who want to be registered should be briefed on the terms before giving their details to the platform.