Written by LISA MURIMI
A new digital currency known as WorldCoin has sent the youth in Kenya into a frenzy of excitement and curiosity. With the promise of financial empowerment and inclusion, WorldCoin has captured the imagination of many Kenyan youth, who see it as an opportunity to reshape their economic future.
WorldCoin is a decentralized cryptocurrency that aims to create a global financial system accessible to all, regardless of their location or socioeconomic background. Its potential to revolutionize traditional banking and empower the unbanked has struck a chord with Kenyan youth, many of whom have been excluded from formal financial systems.
The ease of access to WorldCoin through mobile applications has further fueled its popularity among Kenyan youth. With a growing number of merchants accepting WorldCoin as a form of payment, it offers a glimpse of a cashless future that resonates with the country’s digitally savvy generation.
While WorldCoin ignites a newfound enthusiasm for digital finance among Kenyan youth, its long-term impact remains to be seen. Questions have also been raised on the security of the youths’ biological data. This concern stems off the iris scans that are being conducted in exchange for a digital ID and the promise of cryptocurrency.
As the nation embraces the possibilities of a digital economy, the challenge lies in striking the right balance between innovation and financial responsibility, ensuring that this newfound enthusiasm translates into genuine economic empowerment for the youth of Kenya.
