Rapper Akon to build a cryptocurrency town in Africa

Akon, 45, is building a new futuristic cryptocurrency city in Senegal. Residents of this city will use and pay exclusively for a cryptocurrency called AKoin.

According to an American singer of Senegalese descent, the new cryptocity will be built on 2,000 acres of land and is located near the capital of Senegal, a 5-minute drive from the new international airport.

While the city’s project is still under development, it could take decades to build. The first phase of construction began in March last year, the second is scheduled to begin by 2025.



The life of the city will revolve around a cryptocurrency called AKoin, the launch of which is scheduled for early July this year. Users will be able to buy goods using AKoin directly from their smartphones, which theoretically will stimulate cryptocurrency and financial stability in the urban infrastructure.

Akon admits that he does not delve into the technical details of the project, but focuses more on the big picture.

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