Akon Launches 'AKOIN Cryptocurrency to Power Youth Entrepreneurship in Africa

Akon

Akon is launching his own cryptocurrency, called "AKoin" in an effort to grow crypto-based apps in

Africa to further bring economic power back to the continent.

The U.S. born singer, who is of Senegalese descent and has spent years running Lighting African-- a project aimed at bringing solar power to African nations-- presented his plan for the digital cash currency at the Cannes Lions International Festival of Creativity.

with the cryptocurrency in place, Akon Crypto City would come to life. a futuristic town being developed on 2,000 acres in Senegal. The city, gifted to Akon by President of Senegal Macky Sall, would run entirely on AKoin and be within five minutes of a new international airport, the website says.

"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," said Akon in a panel, according to Page Six.

He also said he is running in the U.S presidential race in 2020. "I'm going to go after Trump and Kanye West. The singer also confessed that he was not scared of Trump and would face him in the ring. "I'm not scared of him. I would invite him into the ring. You know what? Matter of fact, let's just go in the ring, Pay-Per-View... you guys can decide whether it's gonna be a boxing match or MMA. Someone's got to defeat the bully."

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