Akon, a Senegalese-American rapper and solar energy entrepreneur, plans to offer a cryptocurrency in two weeks to help improve conditions in Africa, according to Page Six.
Speaking at the Cannes Lions International Festival of Creativity in Cannes, France, the entertainer and entrepreneur told a panel that cryptocurrency and blockchain technology could empower people in Africa and offer a more secure currency that enables them to advance themselves independent of the government.
Akon said he plans to develop a city that is completely based on the cryptocurrency, which he says will be called Akoin. The 2,000 acres granted to Akon by Senegal’s president will be called “Akon Crypto City,” according to the Akoin website. The city will be the first in which a cryptocurrency will be the basis of transactions.