World-renowned singer Akon, who has a Grammy nomination and sells millions of albums, has decided on which blockchain network-based market the Akoin cryptocurrency should be released. Akon has announced that the cryptocurrency that it announced earlier will be based on the Stellar network.
Akoin Will Be Stellar Based
Akoin co-founder and president, Jon Karas, said in a statement on the issue that they decided on this because of the shared values they shared with Stellar:
“Akoin chose Stellar’s distributed, hybrid blockchain network because they had a common goal aimed at achieving global financial involvement, especially in regions like Africa.”
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One of Stellar's goals is to bring financial participation to people in regions such as Africa where access to banking services is very low. Stellar actively working on this subject, apparently managed to attract the attention of the famous singer in this aspect.
It has been announced that Akoin will be a service token and will be compatible with Stellar wallets. In addition, all fiat currencies and cryptocurrencies supported on the Stellar network will be compatible with Akoin. Users can change any cryptocurrency in the network with Akoin over the existing values.
In addition to the cryptocurrency, Akon recently managed to get approval from the President of Senegal to establish its own city. Now that Akon has chosen which network-based currency to choose, we can soon see that it is actively used.
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