In Summary
- The last few days has seen Kenyan youth line up for World Coin and NUZO coins.
- Eyeballs scanning get some Kenyans worried as government cautions on data privacy and safety.
- Through NUZO Kenyans are beating the high cost of living within the household.
The Kenyan youth and sections of traders are in crazy long queues registering for the World and NUZO coins.
This has been witnessed since Monday at KICC in Nairobi where thousands of voluntarily have their eyeballs scanned for registrations on the platforms. Successful eyeball scan and registration awards one world coin crypto currency token valued at Kshs. 7,700.
However, the Kenyan Government has cautioned people on privacy and safety of their personal data.
READ Also: Jalang’o: Why 50 Percent Of Events Jobs Must Go To Lang’ata Youth
World Coin Eyeballs scanning for Proof of personhood.
They explain that the iris is the most unique and identical part of the human body that cannot be corrupted. They would also want to confirm that one is an individual!
“Basically, World Coin want to confirm each person is a genuine individual not trying to register twice to get double the signup bonus”. He explained.
The founders of World Coin are Sam Altman, Max Novendstern, and Alex Blania. Sam Altman is also a co-founder of OpenAI which built ChatGPT. They operate globally.
World coin was founded with the mission of creating a globally inclusive identity and financial network, owned by the majority of humanity. If successful, Worldcoin could considerably increase economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy, enable global democratic processes, and show a potential path to AI-funded UBI.
NUZO challenging the high cost of living in Kenya.
NUZO business structure is based on the dollar and country inflation matrixes.
They launched late last year but were using a different model. They shifted to focus on retailers and re-launched about 4-5 months ago. NUZO is available on Google Appstore and after successful registration one gets a personal till number for transactions.
In Kenya they have set up wholesale of majorly household items that have been majorly affected by the high prices. The same items bought on NUZO platform are much cheaper due to the dollar rate.
READ Also: Eric-omondi-arrested-during-demonstration-over-high-cost-of-living
Some of the household items on NOZU shelf and their comparative costs.
“If you own a shop, you should order stock from NOZU because we’re cheaper than other suppliers and you earn cashback in $NUZO coin”. Through NOZU and the World Coin, retailers are able to maximize their profits or reduce the costs as moral as they so wish.
“Worldcoin is something different. We partner with them because guys are getting these $WLD coins and they can swap them for $NUZO at 375/= each to buy some unga, sugar, cooking oil at a NUZO Shop”. He explained.
With NUZO, shops order essential products like unga (Maize and wheat flour), cooking oil, sugar at discounted wholesale prices and earn $NUZO coin cashback as they pay on delivery. Their customers (ordinary consumer) Lipa Na NUZO at 0% fee and earn $NUZO cashback, too. They then can redeem $NUZO for essential products, crypto or trade P2P for M-PESA.
