Akon, Grammy winner plans to launch Crypto currency 'Akoin'

Akon, who is a Senegalese-American rapper and solar energy entrepreneur, is planning to offer a cryptocurrency named 'Akoin', to help improve conditions in Africa.

He believes that cryptocurrency and blockchain could empower people in Africa and offer a more secure currency.

Akon is also planning to develop a city that is completely based on the cryptocurrency, 'Akoin'. The 2,000 acres which is granted to Akon by Senegal’s president will be known as "Akon Crypto City". This city will be the first in which a cryptocurrency will be the basis of transactions.