Rapper Akon will create the second "crypto city" in Africa

by in Cryptocurrency News


American rapper Aliam Damala Badara Akon Thiam, better known as Akon, will build a second "crypto city" named after him in Uganda.

The authorities of this East African country have allocated a land plot of one square meter for the project. mile (~ 2.6 sq. km). The estimated costs were not announced at the press conference. The initiative will be implemented by 2036. The Ugandan government looks forward to attracting investment and creating new jobs.

The first Akon City in Senegal, announced in January 2020 by a rapper and businessman, will occupy an area of ​​3.1 square meters. miles (~ 8.1 sq km). Settlements in the city "100%" will be made in digital currency Akoin (AKN) based on Stellar. Its construction is estimated at $ 6 billion.

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According to the newspaper, the Akoin project is also collaborating with the Mwale technopolis in Kenya. AKN is used in staff remuneration as well as in day-to-day payment transactions. The team released a debit card that allows users to spend digital currency online among 40 million merchants worldwide.

Recall that in August 2020, Akon became the chief strategist of the presidential campaign of Bitcoin industry veteran, venture capitalist Brock Pierce.