RATE Group | Akon finalises deal to create cryptocurrency-based Akon City in Senegal
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Akon finalises deal to create cryptocurrency-based Akon City in Senegal

19 Jan Akon finalises deal to create cryptocurrency-based Akon City in Senegal

Posted at 02:46h in Cryptocurrency News by

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Senegalese-American singer Akon says he has signed an agreement with the government of Senegal to build a city with a cryptocurrency-based economy named Akon City.

“Just finalized the agreement for Akon City in Senegal,” Akon tweeted earlier this week. “Looking forward to hosting you there in the future.”

The singer initially announced plans to create a city in the west African country, which will use his own cryptocurrency called the Akoin for currency, at the Cannes Lions advertising festival in 2018.

Akon is an “investor who believes in Africa”

Although there are few details, Akon’s announcement means that this cryptocurrency-based city, which was originally known as Akon Crypto City, is one step closer to being realised.

Akon’s tweet came days after Africanews.com reported a signing ceremony for a memorandum of understanding between the signer and state-owned tourism company SAPCO had taken place.

“Beyond his status as an artist, it is Akon, the investor who believes in Africa…

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