* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, May 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Kenyans are scanning their irises in exchange for Worldcoin tokens

August 1, 2023
in Technology
Kenyans are scanning their irises in exchange for Worldcoin tokens
Share on FacebookShare on Twitter

Sam Altman’s creepy vision of an iris-scanning ‘Global Digital Currency’ is gaining popularity in Kenya. Kenyans are queuing in shopping malls to scan their iris in exchange for Worldcoin tokens worth 7700 Kenyan Shillings. And crypto firms in Kenya are riding on the coattails of Worldcoin’s popularity to help participants change their free tokens to cash.

Last week, Worldcoin, a blockchain company founded in 2019 by Open AI chief, Sam Altman, Max Novendstern, and Alex Blania, launched their iris-scan-for-token orbs globally, after trial runs in Indonesia, Chile, Kenya and 24 other countries. On Wednesday, July 26, two days after the global public launch, Altman tweeted that one person was being “verified” every 8 seconds.

Photo courtesy of Odhiambo Ogola (@PhilipOgola on Twitter)

Kenyan crypto firms latch on

After registering and scanning their irises, participants are given 25 Worldcoin tokens. But to convert that token to cash, they have to sell the tokens for USDT (a virtual US dollar) on a crypto exchange that lists Worldcoin’s virtual currency. They can then resell USDT for local currency.

By the end of the first day of launch, each Worldcoin token was worth $2.1 or 299 Kenyan Shillions. Every person who scans their iris on Worldcoin’s shiny orbs gets 25 Worldcoin tokens (or WLD) which is worth an estimated KES7,700 or roughly $54. Data from Take Profit, a data analytics provider puts the average monthly pay of low-wage earners in Kenya at around KES15,000 monthly before tax.

Enterprising crypto firms in Kenya have taken advantage of the crowds being attracted to Worldcoin’s orbs to recruit customers. On Sunday, KotaniPay, a local crypto company tweeted a video inviting people who had scanned their irises at the Kenyatta International Convention Centre to visit their booth to exchange WLD for Kenyan Shillings.

Charles Nichols, founder and CEO of Nuzo, a crypto payments company which also sells everyday food items like maize flour and smartphones and TVs invited people who had registered and scanned their irises at the Kenyatta International Convention Centre to swap WLD tokens for NuzoCoins and discounted maize flour.

Nuzo is offering up to 375 Kenyan shillings per WLD token, or 9,375 Kenyan Shillings.

Kenya’s data protection agency, the Office of the Data Protection Commissioner (ODPC) released a statement on Friday warning Kenyans about scanning their irises in exchange for crypto tokens. “Individuals are advised to thoroughly inquire about how their data will be used,” the statement read in part.

But digital policy analysts have criticised the statement and the agency for not being forceful enough. Before last week’s global launch, Worldcoin had been advertising in several malls in Nairobi throughout much of 2022 where it enlisted the help of young unemployed Kenyans and students to recruit participants for its beta launch. A source close to Kenya’s crypto industry says the firm may have obtained licences from the data protection agency before the launch.

Despite the statement from the data protection office, Kenyans continue to throng Worldcoin orb locations in the hopes of free cash. Altman who also leads Open AI, the artificial intelligence company that launched in December 2022 says Worldcoin is necessary to distinguish between humans and artificial intelligence, distribute universal basic income and as KYC to access formal financial services. Neither he nor Worldcoin has explained what it plans to do after collecting iris scans. But the project has come under criticism and is being investigated in several countries, including the United Kingdom and France.

Get the best African tech newsletters in your inbox

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCabal – https://techcabal.com/2023/07/31/worldcoin-in-kenya/

Tags: Kenyansscanningtechnology
Previous Post

SA’s competition commission cracks down on dominant online platforms

Next Post

President Tinubu announces ₦125 billion fund for micro and small businesses

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

May 10, 2025

Unlocking the Future: How Innovation Funds Propel Breakthroughs in AI, Bioengineering, and Materials Science

May 10, 2025
Talking Animals: Veteran science journalist Stephen S. Hall recounts reporting and research that yielded Slither, singular book on snakes – WMNF 88.5 FM

Unraveling the Secrets of Snakes: A Journey with Veteran Science Journalist Stephen S. Hall

May 10, 2025
Lifestyle Lookout: Mother’s Day brunch in Bellingham, Big Jam Stories in Ferndale and The Spring Wine Walk – My Bellingham Now

Unforgettable Mother’s Day Brunch, Big Jam Stories, and the Spring Wine Walk: Exciting Events in Bellingham and Ferndale!

May 10, 2025
WCK Forced to Halt Cooking in Gaza as Supplies Run Out – World Central Kitchen

World Central Kitchen Suspends Operations in Gaza Amid Supply Crisis

May 10, 2025
China Reacts to Trump Claims About ‘Suffering’ Chinese Economy – Newsweek

China Responds to Trump’s Claims of Economic Struggles: What You Need to Know

May 10, 2025
Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

May 10, 2025
Optimizing Human Health On Earth And In Space – Texas A&M Today

Optimizing Human Health On Earth And In Space – Texas A&M Today

May 10, 2025
Rep. Marjorie Taylor Greene says she won’t run for U.S. Senate – NBC News

Marjorie Taylor Greene Declares She’s Not Entering the Senate Race!

May 10, 2025
Harnessing emerging technologies to power a small business – The Oaklandside

Unlocking Success: How Emerging Technologies Can Transform Your Small Business

May 10, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (597)
  • Economy (608)
  • Entertainment (21,521)
  • General (15,210)
  • Health (9,650)
  • Lifestyle (613)
  • News (22,149)
  • People (611)
  • Politics (615)
  • Science (15,830)
  • Sports (21,118)
  • Technology (15,598)
  • World (598)

Recent News

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

May 10, 2025

Unlocking the Future: How Innovation Funds Propel Breakthroughs in AI, Bioengineering, and Materials Science

May 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version