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Akon Will Launch Its Own Cryptocurrency to Support Africa

Rapper Akon unveiled plans to create a blockchain city in Senegal with an economy based around his new cryptocurrency, AKoin.

The singer of Senegalese origin made the announcement during the festival of Cannes Golden Lions. “I think blockchain and cryptocurrency can be the saviors of Africa in many ways, as they empower people and bring security back into the monetary system. This allows people to use it to move forward and prevent the government from doing things to slow them down, “said Akon, quoted by Page Six.

Asked about his futuristic city of 800 hectares to be located near Dakar, the singer said: “I come with the concepts and let the geeks take over. “

According to the singer’s website, Akoin will be available in July. He would even like it to become the motto of Akon Crypto City.

He described his project as “Wakanda of Real Life”, referring to the fictional nation led by King T’Challa / Black Panther in the Marvel film, Black Panther.

Akon Crypto City will be located five minutes from the new international airport, near the coast and minutes from Dakar, the capital of Senegal.

While some may be skeptical about Akon’s projects, its charity Akon Lighting Africa, which is involved in financing solar panels and small lighting projects, is already present in 17 African countries.

Akon Lighting Africa has been recognized by the UN and has also won awards. Last year, the organization obtained a $ 1 billion line of credit.

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