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Kenya leads global surge in interest for Worldcoin cryptocurrency

Denis Kipruto by Denis Kipruto
February 23, 2024
in News
Reading Time: 2 mins read
FILE PHOTO: Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File Photo

FILE PHOTO: Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File Photo

Kenya has emerged as a focal point of interest in Worldcoin, a cryptocurrency linked to Sam Altman’s pioneering digital ID initiative, with global attention witnessing a notable surge in recent days. Analysis of Google Trends data by CoinJournal reveals Kenya’s position as the epicenter of enthusiasm, surpassing other nations in its curiosity and engagement with Worldcoin and related endeavors.

With a Google Trends score of 100, Kenya leads the pack, demonstrating substantial interest in Worldcoin and its innovative identity verification project. Portugal follows closely with a score of 93, indicating significant interest, while Argentina, Chile, and Spain complete the top five with varying levels of engagement.

Phil Hoey, CoinJournal’s director, offered insights into the evolving cryptocurrency market, noting, “As the crypto market continues to evolve and innovate, initiatives like Worldcoin stand at the forefront of technological advancement, offering novel solutions to complex challenges.”

Worldcoin’s ambitious project, spearheaded by Sam Altman and closely linked to OpenAI’s advancements, aims to transform identity verification using cutting-edge technology. Leveraging iris scanning technology and blockchain, the initiative provides individuals with unique digital identities, addressing critical issues surrounding online identity verification.

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FILE PHOTO: Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File Photo

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FILE PHOTO: Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File Photo

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The surge in global interest underscores the anticipation surrounding innovative projects like Worldcoin and their potential to shape the digital landscape. With token prices reaching record highs, experiencing a significant increase of 265.2 percent to USD 8.3 (KES 1194.3) from USD 2.3 (KES 364.7) at the beginning of the month, excitement is palpable. This surge can largely be attributed to the introduction of Sora on February 16, an AI model capable of converting text into video.

Worldcoin’s journey in Kenya, where users queued up to undergo iris scans in exchange for tokens worth approximately USD 45.0, encountered a temporary setback last August when registration was halted due to government concerns regarding safety and data privacy.

Interior Cabinet Secretary Kithure Kindiki expressed apprehension about the project and announced investigations into data safety and usage protocols. In response, Worldcoin reiterated its commitment to privacy and inclusivity, pledging to work closely with local regulators and stakeholders.

Recent reports indicate that Worldcoin is poised to resume operations in Kenya early this year, following an agreement with Kenyan authorities to adhere to new guidelines. The crypto community eagerly awaits further developments, anticipating the potential impact of projects like Worldcoin in shaping the global digital landscape.

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