Akoin Cryptocurrency Project From Akon Looks To Make Real Impact For Africa

2018-8-18 07:38

Cryptocurrency has long been a source of contribution to stopping the world’s constant drama. For example, the Pineapple Fund donated some $55 million in BTC to several different charities. One of the foundations who received money was focused around providing water to those in poverty.

Cryptocurrency is designed to improve the financial problems of the world by given stable currency to countries who don’t already have it. There are still a lot of countries who don’t have banking systems in place, which is where cryptocurrency fits in.

People who are cryptocurrency owners already tend to have their toes dipped into the water of several different financial arenas. A majority of them are men who live in the United States and Canada.

As for AKOIN, the token was created by the North American Musician who wanted to build his own city/state in Senegal. The project has jumped to more than narrow personal ambition, instead of inspiring several entrepreneurs of Africa to do businesses across the continent of Africa. The important part to note is how Akon’s decision sparked a movement to create new opportunities.

However, with the scams associated with the cryptocurrency, there is a lot of negativity surrounding Akoin. It’s not too late for the platform to run around, however, and to provide Africans with a stable monetary system that can be accessed without the need for a traditional banking system. Akoin is making moves to grow by partnering with other companies like BitMinutes and Butterfly.

There’s no hiding the fact that the continent of Arica has faced significant setbacks in the past because of corruption. Akoin hopes to create a stable currency that is not susceptible to corruption and will in turn, help new markets in Africa. Transparency is the secret to doing the token work; people are sick of the hardships in the country. There is still a long hard journey for the cryptocurrency, however, who needs to work on their current roadmap.

With the new launch of the token, cryptocurrency has a chance of gaining some real traction in Africa. Akoin is inspired by the Marvel movie Blackpanther, even calling the community its built around Wacoinda. They are also looking to move beyond Senegal into other countries like Nigeria and Ghana.

One thing the team must work on is fixing the damages caused to the token by its first frustrating launch. But with the help of Akon who is working hard to see the project through to the end, Akoin still has the potential to be a significant cryptocurrency player, possibly even the largest one in Africa.

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