The American-based Senegalese artist says the cryptocurrency will be the currency of choice in Akon Crypto City, a 2,000-hectare development which is under construction in an area just outside Dakar, Senegal’s capital city. The rapper describes the development as the real-life Wakanda. He also believes the technology has benefits for those on African soil, disadvantaged by political and social circumstances. Unfortunately, Akon didn’t reveal any technical details of the cryptocurrency.
CANNES — Senegal-born star Akon — whose Lighting Africa project is bringing solar power to Africa — is at Cannes Lions launching a new cryptocurrency called Akoin that will be available for sale in two weeks with hopes it will help further help the continent.
“I think that blockchain and crypto could be the savior 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 Meredith sponsored panel moderated by People deputy editor JD Heyman.
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.”
Asked technical questions about the blockchain, Akon quipped, “I come with the concepts and let the geeks figure it out.”
The “Don’t Matter” singer, who has previously stated he’s thinking about getting into politics, said he is ready to take on not just President Donald Trump, but Kanye West in 2020.