Worldcoin, a protocol that is intended to be the world’s largest, most inclusive identity and financial public utility and to be owned by everyone, is expanding throughout Nairobi. The organization is teaming with local organizations to provide access to the global digital economy and to offer educational resources to Kenyans about blockchain technology and emerging web3 technologies.
One of the key features of Worldcoin’s entry into Kenya is the launch of a peer-to-peer (P2P) exchange that allows individuals to quickly and easily access digital currencies and US dollars directly with one another, without the need for a centralized third party to facilitate the transactions. This P2P exchange is developed by Tools for Humanity (TFH), a technology company that supports the Worldcoin protocol.
Since its pilot phase, Worldcoin has garnered over 360,000 sign-ups and the World App has been downloaded over 1,200 times per day. With 16 locations across Nairobi, the product provides Kenyans with access to the USD and cryptocurrencies, which were previously limited and expensive to acquire. The P2P agents are also Worldcoin Operators, providing an added layer of transparency and trust.