Akon to Build new city with the Akoin as a means of exchange.

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Senegal-born singer Akon has announced plans for a new cryptocurrency that he hopes will form the base of a radical new city he plans to build in Africa.

Like bitcoin, the akoin cryptocurrency would function outside the realm of governments and traditional financial institutions, meaning it will bring the power back to the people.

Akon, whose real name ia Aliaume Thiam, hopes that the new virtual currency will be at the centre of a “100 per cent crypto-based city” called Akon Crypto City – set to be built in the country of his birth.

The futuristic city is already in development, beginning with 2,000 acres of land gifted to Akon from the President of Senegal, is within 5 minutes of the new international airport, close to the coast and a short drive from Dakar, the capital city of Senegal (Akon’s homeland),” states a website that briefly details the endeavour

Akon was at Cannes Lion this week to launch the Akoin cryptocurrency, which he says will be available for sale within the next two weeks.