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Cryptocurrency Project Akoin Eyes Countrywide Rollout in Kenya Next Month
Summary: Akoin, the cryptocurrency project developed by Senegalese-American singer Akon, has achieved success in its initial pilot testing at western Kenya’s Mwale Medical Technology City, or MMTC, setting the stage for a national rollout beginning next month. MMTC founder Julius Mwale and Akon are expected to be in attendance at next month’s major launch event that ...
Akoin, the cryptocurrency project developed by Senegalese-American singer Akon, has achieved success in its initial pilot testing at western Kenya’s Mwale Medical Technology City, or MMTC, setting the stage for a national rollout beginning next month. MMTC founder Julius Mwale and Akon are expected to be in attendance at next month’s major launch event that will unveil Akoin’s national rollout across Kenya.
The pilot stage allowed residents to pay and be paid using Akoin and have the transactions converted immediately into cell phone minutes or other forms of exchange. Full implementation is expected to begin in September, and monthly transactions are projected to surge, possibly reaching $2 billion by 2022. By that time, Akoin will become the only platform for business transactions in the city.
By Amy Liu
Tags: Akoin,Cryptocurrency,Kenya
Link: Cryptocurrency Project Akoin Eyes Countrywide Rollout in Kenya Next Month [Copy]
