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By Damilola Faustino

Senegal-born star Akon is set to launch a new cryptocurrency called Akoin that will be available for sale in two weeks with hopes it will further help the continent of Africa.

akoin

“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 utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down,” he explained during a panel at Cannes Lions.

The site for the new crypto coin states that an “Akon Crypto City” is in development on 2,000 acres of land that the rapper/singer was given by the president of Senegal and will be “a first of its kind 100% crypto-based city with Akoin at the center of transactional life.”

What are your thoughts about this?

Read also: Samklef Features Akon In ‘Skelebe’

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