Rapper Akon to build a cryptocurrency town in Africa

45-year-old rapper Akon is building a new futuristic cryptocurrency city in Senegal.The inhabitants of this city willuse and pay exclusively with a cryptocurrency called AKoin.

According to the Senegal-born American singer, the new crypto city will be built on 2000 acres of land and is located near thethe capital of Senegal, a 5-minute drive from the new international airport. 

While the city project is at the development stage, its construction can beThe 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, which is scheduled to launch in early July this year.Users will be able to buy products with AKoin directly from their smartphones, which will theoretically beIncentivize crypto exchange and financial stability in urban infrastructure. 

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