Why Akon is Creating a New Cryptocurrency for Africa
summary
Akoin launches as a Kenya-first digital currency built on the Stellar blockchain with an initial exchange offering to provide liquidity while targeting on-the-ground use; thousands signed up for a pilot that goes live in about six weeks. The rollout includes custom wallets on 15 flip phones and a proprietary atomic swap that converts prepaid cell minutes to Akoin, fiat and other crypto. Land is purchased for a city project in Senegal with government infrastructure support and phased local partnerships.
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