Akon is launching his own cryptocurrency ‘Akoin’ to help African economy

Senegalese-born entertainer/entrepreneur, Akon, who was a panelist at the Cannes Lions Festival, announced his new project which is his motivations of using the blockchain technology towards improving the conditions in Africa.

The Grammy-nominated musician said his own cryptocurrency, which is aptly called Akoin will also include a “100 percent crypto-centric city,” called Akon Crypto City, which will be based in a 2,000-acre land supplied by the SenegalesePresident.

According to him, the crypto city aims to be a “real-life Wakanda” that will revolutionize daily business and human exchanges. However, when asked about the technical parts of the blockchain technology, Akon kept it real and said, “I come with the concepts and let the geeks figure it out.”

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