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Worldcoin is a protocol that aims to be the world’s largest and most inclusive identity and financial public utility, and to be owned by everyone. The organization is expanding throughout Nairobi, teaming up 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. This article delves into Worldcoin’s entry into Kenya, including the launch of a peer-to-peer (P2P) exchange that allows individuals to quickly and easily access digital currencies and US dollars without the need for a centralized third party to facilitate transactions.

Worldcoin’s P2P Exchange in Nairobi

Tools for Humanity (TFH), a technology company that supports the Worldcoin protocol, developed the P2P exchange that allows individuals in Nairobi to access digital currencies and US dollars directly with one another. With 16 locations across Nairobi, the product provides Kenyans 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. Since its pilot phase, Worldcoin has garnered over 360,000 sign-ups, and the World App has been downloaded over 1,200 times daily.

The cryptocurrency industry in Kenya has been steadily growing in recent years, with a rising number of crypto projects and increasing adoption by the general population. In 2022, the UNTCAD estimated that there were around 1.5 million active cryptocurrency users in the country, and this number is expected to continue to rise. Kenya’s strong mobile money infrastructure, with services such as M-Pesa, has been a significant driver of crypto adoption in the country. Additionally, the Kenyan government has set up a task force to explore the potential use cases for the technology in various industries.

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Worldcoin’s Initiatives for Education and Engagement

Worldcoin’s entry into Kenya includes initiatives focused on education and engagement. In April 2022, TFH introduced local Kenyan founders and entrepreneurs to World ID, a new privacy-first digital identity protocol. The World ID for East Africa event focused on developing use cases for the technology that would be most relevant to Kenyans. Worldcoin also sponsored ETHSafari, the first ETH conference in sub-Saharan Africa, alongside organizations like Polygon and Celo. The multi-day event brought together individuals from around the world to learn, hack, discuss, and celebrate the decentralized future. Worldcoin also sponsored a hackathon in parallel with ETHSafari, awarding the best projects developed with the World ID SDK.

TFH has been working with Strathmore University, one of the country’s leading schools for commerce and technology, to teach students about emerging technologies like blockchain and Web3. The collaboration ranges in scope from summits about the evolution of Web3 to upcoming hackathons building with the World ID Software Developer Kit.

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