“We were trying to do concerts in certain parts of Africa but we couldn’t’ do it because there was no electricity,” he explained (12:11). We have something special to offer! Akon being a good philanthropist originating from Senegal seems to have developed good ties with his country, which should open doors to this project. While doing his philanthropic work in Africa and working on his lighting projects, Akon soon began to realise that apart from an energy and poverty standpoint, there were many other issues Africa was encountering. Newspapers reported on the rapper planning to build his own city-state – with Akoin as the official currency – on a 2,000-acre plot gifted to him by the President of Senegal.. Cryptocurrency related news, thoughts, ideas, etc. I just watch how things changed drastically in time to digital […] Crypto is going to become the next digital currency. So if you don’t invest in that now if you don’t see that coming, you’re a fool,” he further added, Akon also shared that Akoin will be up for sale in October. A lot is at stake, and the debate is likely to intensify as more institutions attempt to define their involvement. Offering an abundance of digital and real-life tools that create opportunity and inclusion for youth entrepreneurs by allowing consumers to earn, learn, spend and save cryptocurrency right from their smartphone through a suite of blockchain-powered apps. It’s an actual transaction. the city; all digital. “[…] And there was an area where there was electricity, but when we went to go do the concert, before the second song even came on, all the lights went out. At first glance, my thought was that this was just another celebrity trying to cash in on the crypto craze. This is perfect for individuals who want to start a business. we’ll create platforms from all of today’s newest technologies embedded within At Cryptimi, we were beyond ecstatic to be present for an exclusive panel discussion between Akon and his colleagues Jon Karas and Lynn Liss, all of whom are the brains behind Akoin. Akon “Whoever is interested, don’t just move on the hype,” he said.

The dream is still a dream as the currency is only able to power rich cities and hasn’t reached small cities. She likes to unwind by watching online series or reading when she is not working. The popular American singer, lyricist, and businessman announced his own cryptocurrency Akoin earlier … Cryptimi uses cookies to ensure you get the best experience.

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“It really just opened my eyes,” said Akon, 47, in the interview. Offering an abundance of digital and real-life tools that create opportunity and inclusion for youth entrepreneurs by allowing consumers to earn, learn, spend and save cryptocurrency right from their smartphone through a suite of blockchain-powered apps. There’s that economic transaction where people can trade to and from any fiat currency that exists. Creating a currency means that you also need to make sure that it’s not volatile, that you have a business that brings in revenue and can sustain itself. And this started to look more achievable with a currency that would bring people together. ICYMI: China’s Digital Currency Could Challenge Bitcoin and Even the Dollar. However, as he said, cryptocurrencies are not backed by anything, and it’s primarily the “popularity” and “trust factor” that keep the industry going. Say for instance a person is at a shop and they don’t have the actual currency, they can give the shopkeeper 100 minutes for whatever they’d be buying. Akon co-founded the ‘Akon Lighting Africa’ project in 2014 which since then lit up 18 Africa countries, all built around the valuable, renewable resource of solar energy. Akoin: Blockchain for Social Good. Akon Crypto City is a “100% crypto-based city in Africa,” according to a report by CoinDesk.Akon has previously stated his beliefs that “blockchain and … explains his reasons for wanting to build a Crypto City in Africa: “The whole Company representatives declined to disclose what percentage of the coin Akon will hold. Perhaps one coin for Africa is a little too ambitious but I have high expectations that this project will succeed in Senegal. and support youth entrepreneurship, economic stability, and growth across To be sure, the conversation is fraught and many prior undertakings have been called out for shortcomings and outright fraud.


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