Akoin Cryptocurrency Starts Trading on Bittrex Global
The akoin cryptocurrency has finally launched. Akoin cryptocurrency is the much-anticipated cryptocurrency created by Senegalese-American star and philanthropist Akon.
The currency will be the primary currency in his $6 billion Akon City in Senegal. The akoin crypto (AKN) began trading against BTC and USDT on the Bittrex Global crypto exchange on Nov. 11.
The akoin cryptocurrency has also launched in Mwale Medical and Technology City (MMTC) as a pilot for Akon City. The MMTC is a $2 billion metropolis centered around a 5,000-bed medical and technology complex located in Kenya’s Kakamega county.
Julius Mwale, the principal investor of the MMTC was on a podcast interview with Blockdown 3.0. He said the complex is expected to be fully completed by the end of this year. Furthermore, he mentioned that the MMTC is going to exclusively use akoin cryptocurrency by the end of 2021.
Mwale explains that there are currently 35,000 residents and 2,000 merchants, and akoin cryptocurrency system will be implemented for them. He is confident that by the end of 2021, there will be more than 20,000 workers who will be paid in akoin crypto.
Mwale explained that the Kenyan government “literally outlawed cash transactions and any other transactions other than digital so everything since the Covid-19 pandemic began has been digital transaction.”
He believes that the akoin crypto launch has the best timing. Especially because everybody now has to basically operate in digital transactions. He concluded: “it’s been very easy for us to transition to akoin from other digital transactions, the m-pesa and other transactions that we already have.”
Akon, whose real name is Alioune Badara Thiam, is building a futuristic $6 billion Akon City in Senegal. He calls it a “real-life Wakanda,” referring to Marvel’s hit movie Black Panther. In September, the Grammy-nominated artist unveiled details of what will be in Akon City, particularly in seven major districts.