Worldcoin is a cryptocurrency that is still in development. It is not yet available to the public in Kenya. However, Worldcoin has been conducting field tests in Kenya since 2021.
The company behind Worldcoin, formerly known as Human Coin, has partnered with universities and other organizations in Kenya to recruit participants for the field tests. Participants are scanned with a device called an Orb, which captures their iris and facial biometric data. In return for providing their biometric data, participants receive a small amount of Worldcoin.
The goal of Worldcoin is to create a global digital identity system that is based on biometric data. This system would allow people to access financial services and other benefits without the need for traditional forms of identification, such as passports or ID cards.
Investing in Worldcoin is a risky proposition. The cryptocurrency is still in development, and it is unclear how it will be used or how much it will be worth in the future.
There are a few reasons why investing in Worldcoin could be risky:
• The company has not been transparent about how it will use the biometric data that it collects.
• Some people have expressed concerns about the potential for Worldcoin to be used for surveillance or discrimination.
• The value of Worldcoin is still uncertain.
Even if Worldcoin is successful, it is possible that the price of the cryptocurrency will not go up. There are many factors that can affect the price of a cryptocurrency, and it is impossible to predict what the future holds.
If you are considering investing in Worldcoin, you should do your own research and understand the risks involved. You should also only invest money that you can afford to lose.
Here are some things to consider before investing in Worldcoin:
• The company’s track record. How long has the company been in business? What is its financial history?
• The team’s experience. Do the team members have experience in the cryptocurrency industry?
• The technology. What is the technology behind Worldcoin? Is it sound?
• The market. Is there a demand for Worldcoin? Who are the potential users?
• The risks. What are the risks involved in investing in Worldcoin?
Overall with any investments, speculation is high and you might be tempted to invest based on the masses be smart about it.