Akon Unveils Plan to Build Second Futuristic Cryptocurrency City in Africa – News Bitcoin News

Another futuristic cryptocurrency city will be built in Africa, Senegalese-American star Akon has announced. The government of Uganda will make land available to him for the construction of the new crypto city. The akoin cryptocurrency will be used in the city, similar to how it will be in Akon City, the $6 billion “real-life Wakanda” that is currently being constructed in Akon’s home country.

Second Akon City to Launch in Uganda

Senegalese-American star and philanthropist Akon, whose real name is Alioune Badara Thiam, announced last week his plan to build a second futuristic cryptocurrency city in Africa. Its home will be in Uganda.

His first crypto city, Akon City, which costs $6 billion, is being built in his native country of Senegal. Akon described it as a “real-life Wakanda,” comparing Akon City to the technologically advanced fictional African city in the blockbuster movie Black Panther.

Akon’s new cryptocurrency city has the backing of the Ugandan government. Isaac Musumba, Uganda’s Minister of State for Lands, Housing, and Urban Development, said at a press conference last week that the government will find suitable land of one square mile or larger for Akon to build the new crypto city. The minister elaborated:

A place suitable in Uganda that has not-less-than one square mile will be made available to him and his team so he can harness resources and investments, attract investors, manage the project, and have a city.

According to local media, the new crypto city will use Akon’s own cryptocurrency, the stellar-based akoin, similar to how it is planned for in Senegal’s Akon City.

The Akoin cryptocurrency is already being used in Mwale Medical and Technology City (MMTC) in Kenya as a pilot for Akon City. “We’re going to use exclusively akoin by the end of 2021,” Julius Mwale, the principal investor of MMTC, said in November last year.

When Akon was asked about whether Ugandans will be able to…

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