Akon taps crypto to bring power back to Africans

US rapper, songwriter and producer, Akon, has launched a cryptocurrency, Akoin, to help disadvantaged people in Africa and more specifically to build the 2,000-acre Akon Crypto City in Senegal.

“I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people and brings the security back into the currency system and also allows the people to utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down,” says the musician.

Akoin’s webiste says that, “Akon Crypto City is a first of its kind 100% crypto-based city with Akoin at the centre of transactional life. The city blends leading Smart City planning designs with a blank canvas for cryptonising our daily human and business exchanges, towards inventing a radical new way of existence.”

Akon, who is of Senegalese descent, also has a charity for underprivileged children in Africa called Konfidence Foundation.

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