Analysts are of the view that as crypto markets are maturing, they will draw more institutional investments. Crypto currencies has attracted and engaged people from all over the world and from almost all walks of life.
Recently singer and rapper Akon of twelve billboard top ten hits, including the famous, "smack that", has announced to create his own crypto currency named, "Akoin" that will be used in his new African, "Akon crypto city". He also stressed that his Akoin crypto will be available within the next two weeks for use in the 2000 acres of land which was recently gifted to him by President of Senegal.
Akon described his upcoming project as a 100 percent crypto based city where Akoin will be used as a central currency for daily human and business exchange needs.
In his own words, "“I think that blockchain and crypto could be the savior for Africa in many ways because it brings the power back to the people and brings the security back into the currency system and also allows the people to utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down.”
In essence, Akon has a strong belief that crypto could be the savior for Africa in many ways because it brings the power back to the poor and deprived people and will allow them
to utilize the power for their own advancement.
Certainly, it's great start towards the mass adoption of Bitcoin and Crypto.