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I'll put up fight to ensure worldcoin comes back to Kenya – Itumbi

He argued before the ban, Worldcoin traded at Sh7 something he said has since climbed to Sh48.

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by FELIX KIPKEMOI

News31 March 2024 - 11:13
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In Summary


  • He was addressing students at the Mt Kenya university.
  • The project was banned in the country in August last year after concerns were raised by various ministries and agencies.
Dennis Itumbi during an event at Mt Kenya university on March 30, 2024.

Digital strategist Dennis Itumbi has vowed to continue pushing for the return of cryptocurrency project Worldcoin in the country.

Itumbi stated that while the government has already taken a position about it, he is of the view that the ban should be lifted.

"I hold that Worldcoin should come back to Kenya...and, I am going to put up a fight in all the relevant tables to ensure it returns," he stated.

Addressing students at Mt Kenya University, Itumbi emphasized the need for the Kenyan youth to explore digital money highlighting its potential.

He argued before the ban, Worldcoin traded at Sh7 something he said has since climbed to Sh48.

He projected that this value could hit over Sh1,000 in the next one or two years.

The project was banned in the country in August last year after concerns were raised by various ministries and agencies.

The Communications Authority of Kenya (CAK) questioned how the biometric data was stored and the offering of money in exchange for data. It was also concerned about having so much data in the hands of a private company.

Kenyans had their eyeballs scanned in exchange for cryo tokens worth about $49 about Sh6,400 now.

According to its owners, Worldcoin sought to create a new global "identity and financial network".

"We are creating the world's largest identity and financial network as a public utility, giving ownership to everyone. And establishing universal access to the global economy regardless of country or background," a statement on its website reads.

This is not the first time Itumbi is defending Worldcoin.

Early this month, he made a similar call for its return noting that banning is not the solution.

"I agree with the Data Commissioner that is the answer to innovation. The question of Worldcoin should also be subjected to sandboxing," he wrote on his X page.

"Banning is not the answer. Allow those of us who believe in blockchain and cryptocurrency to choose. Return Worldcoin!.

He revealed that back in 2016, he invested Sh60,000 in two Bitcoins.

The amount, he said, has over the years increased and now amounting to over Sh9 million.


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