Tools for Humanity, the subsidiary company of the Worldcoin project says it has so far invested over Sh700 million in Kenya.
Alex Blania, the CEO of the company said the funds have been utilised on blockchain and cryptocurrency education and ICT awareness.
Appearing before a Parliamentary Committee inquiring into its activities in the country, Blania said this has been achieved through third-party agents and partners.
He disclosed that they have had engagements with Strathmore University, Blockchain Association of Kenya, American Chamber of Commerce in the country, the Africa Blockchain Centre and New Hope Mukuru among others.
Blania further said the company seeks to pump additional funds into the project even as it maintained that its business in the country is genuine.
"We wish to emphasise the Worldcoin project’s long-term commitment to Kenya. Our commitment to the people of Kenya is genuine, and we have at all times endeavoured to operate honestly, compliantly and above all transparently," he said.
He also assured Kenyans that neither the company nor the Worldcoin Foundation will ever sell users’ personal or biometric data.
"All the personal and biometric data collected in Kenya is securely stored on servers either in the US, Italy, Germany, Poland or South Africa," Blania said.
He said a person’s free and informed consent is always secured before the processing of their personal data.