Singer of hit numbers such as ‘Smack That’, ‘Beautiful’, among others, Akon announced that he will be launching his own cryptocurrency at the Cannes Lions.
Announcing the launch, the singer said the cryptocurrency would be available for sale in two weeks and would greatly help the African continent, according to a report in news portal Page Six.
During a panel talk, he said, “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.”
I’ll be speaking at @Cannes_Lions today on "Blockchain, Entrepreneurship and Empowering the Future…Come check it out at 3:30 on the Interactive Stage! #CannesLions #Akoin#Blockchain #Entrepreneurship #Lottery.com
— AKON (@Akon) June 18, 2018
This should not be dismissed as empty talk. There is already a website in place for the Akoin or Akon Crypto City. The website says, “Akon Crypto City is a first of its kind 100% crypto-based city with Akoin at the center of transactional life. This futuristic city already in development, beginning with 2,000 acres of land gifted to Akon from the President of Senegal, is within 5 minutes of the new international airport, close to the coast and a short drive from Dakar, the capital city of Senegal (Akon’s homeland). Akon Crypto City blends leading Smart City planning designs with a blank canvas for cryptonizing our daily human and business exchanges, towards inventing a radical new way of existence.”
When he was asked about the technical questions pertaining to the cryptocurrency, he shrugged them off by saying, “I come with the concepts and let the geeks figure it out.”
Not for the first time, has a household name announced that they would be launching a cryptocurrency. Last month, John McAfee had announced that he would be introducing a cryptocurrency which would be backed by fiat.
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