RATE Group | Akon on His Akoin Cryptocurrency: ‘What You’re Investing in Is the Future of Africa’
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Akon on His Akoin Cryptocurrency: ‘What You’re Investing in Is the Future of Africa’

11 Sep Akon on His Akoin Cryptocurrency: ‘What You’re Investing in Is the Future of Africa’

Posted at 23:24h in Cryptocurrency News by

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Earlier this year, Akon announced he would be launching his own cryptocurrency called Akoin. Months after the singer/producer revealed his plans, he sat down with Revolt TV’s Drink Champ series to discuss the venture and why people should invest in his crypto.

“So, what you’re investing in is the future of Africa, when you invest in Akoin,” he said (7:11), before explaining his decision to launch Akoin. “[…] I realized that this crypto is going to be the future in currency. I just watch how things changed drastically in time to digital […] Crypto is going to become the next digital currency. So if you don’t invest in that now, if you don’t see that coming, you’re a fool.”

Akon went on to explain how blockchain technology works and how crypto—such as Bitcoin and Monero—is only valuable because people think it’s valuable. He compared this concept to sneakers, and how certain models are worth more because consumers covet them. Of course, there are other…

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