Days after Worldcoin was launched in the country, thousands of Kenyans turned up at KICC to register for it.
The registration entitles a registered user to 25 free Worldcoin tokens worth about $2 (Sh284) amounting to roughly Sh7,000.
A Worldcoin agent involved in the registration of Kenyans at KICC said the cryptocurrency project is lucrative but warned that it carries some risks.
The agent who sought anonymity claimed that he has personally made close to Sh80,000 in a span of four days as Kenyans hopped onto the new cryptocurrency craze in their numbers.
"My phone is ringing off the hook, we are in the business of helping people cash out."
He said anyone with a smartphone can sign up and upon verification of their identity after scanning their iris, they receive free tokens which are then converted to Kenyan currency and instantly paid out.
The agent said privacy concerns notwithstanding, the world is fast moving into the Artificial Intelligence era and embracing it is inevitable.
However, speaking during an interview with NTV, ICT Cabinet Secretary Eliud Owalo said Worldcoin is operating in the country legally.
He said the government is aware of OpenAI’s operations in the country and that the company sought clearance months before the Worldcoin registration process began last week.
"This is something that started in April. We have a fully-fledged Data Commissioner’s office charged with the regulation of data security and privacy,” Owalo said during the interview.
"In April, the office of the Data Commissioner got wind of Worldcoin and wrote them a letter to clarify what they wanted to do.”
The CS noted that the information available to the Data Commissioner is that within the existing legal frameworks is that there is no provision in the law that the organisation has breached adding that Worldcoin has been in correspondence with them
“There could be security and regulatory issues around it which we need to improve, but as far as the Data Act is concerned, they were acting within the law,” Owalo added.