Musician Akon is creating a futuristic city and his own cryptocurrency in Senegal

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Musician Akon is creating a futuristic city and his own cryptocurrency in Senegal
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Akon hopes to launch his cryptocurrency 'AKoin' for Africa in the first two months of 2020. 'I think this will give Africa back its hold on not only their resources but also just their ideas,' the singer says.

Lagos, Nigeria Rapper Akon is building a new futuristic 'Crypto city,' in Senegal, which will trade exclusively in his own digital cash currency called AKoin.

The US-born singer, who is of Senegalese descent, says his futuristic city will be built on a 2,000-acre land gifted to him by the President of Senegal, Macky Sall. Inside the world of a Kenyan cryptocurrency minerAccording to its official website, the city will be a five-minute drive from the West African state's new international airport. While the city project is still in development, AKoin is expected to launch early July.

Akon: I'm investing in Africa 05:21Now he has turned his attention to digital currencies and its underlying blockchain technology. Akon argues that blockchain can enable Africans to become less dependent on their governments.Could a digital currency bring Africa closer to China?"I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people...

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