Worldcoin's Tools for Humanity Claims to Have Invested Nearly $4.8 Million in Kenya

Nearly $4.8 million has been used to fund cryptocurrency and blockchain education efforts in Kenya, the CEO of Tools for Humanity, Alex Blania, recently revealed. Blania also denied allegations that Worldcoin plans to sell users' biometric data obtained via its eyeball-scanning orbs.

Timeline of Worldcoin-org

Artificial intelligence (AI)-based digital assets have fallen flat as the bear market lengthens. This year's hype for all things AI has not extended into crypto assets based on the technology, despite the launch of Worldcoin.

He explained that they have worked with third-party agents and partners to achieve this, and they plan to invest more funds in the future. Tools for Humanity, a subsidiary of the Worldcoin project, has revealed that it has invested more than 700 million Kenyan Shillings in Kenya.

The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the current chief executive of Chatgpt developer Openai.

Worldcoin, the controversial project created by OpenAI CEO Sam Altman and launched in July, has attracted over 2.3 million global users. However, mounting concerns regarding security and privacy are increasing, while individuals are receiving 25 Worldcoin tokens and a digital identity in return for their biometric data.

The number of verifications for Worldcoin, the biometric digital ID and wallet project, has soared recently in Argentina, reaching a daily signup record in August. According to data provided by the project, Worldcoin verified 9,500 Argentine users in a single day, with only four verification stations in the country.

France's and Germany's data regulators are jointly investigating Worldcoin's data collection methods, specifically focusing on iris scans. France's data protection regulatory authority, CNIL, has recently focused on Worldcoin.

Worldcoin (WLD) price has declined below $1.20, plunging 90% of WLD holders into losses. On-chain analysis explores the critical factors behind this sharp decline and the chances of an imminent price rebound.

Despite ongoing scrutiny by Argentine authorities, demand for Worldcoin's identity-focused crypto project, World ID, remains strong in Argentina. In a single day in August, approximately 9,500 Argentinians verified their identity with Worldcoin, representing a new sign-up record. Worldcoin encourages users to prove their identity online with an iris scan.

In a remarkable display of adoption, Worldcoin's revolutionary World ID service has shattered records in Argentina. The country, known for its tech innovation and crypto enthusiasm, witnessed a surge in demand for World ID verifications, resulting in an astonishing single-day record of 9,500 users completing verification processes.

In a time when digital innovation and financial advancement are converging, Worldcoin's blockchain technology has sparked a heated debate about the delicate balance between transparency and personal privacy.