• About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$47,709.00-1.29%
  • ethereumEthereum$1,472.62-3.38%
  • xrpXRP$0.430420-1.75%
  • bitcoin cashBitcoin Cash$509.564.62%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Akon’s Akoin Crypto Unveiled In $2 Billion Kenyan Medical Metropolis

John Wanguba by John Wanguba
February 19, 2021
in Crypto news
Reading Time: 3min read
Akoin Unveiled In $2 Billion Kenyan Medical Metropolis

Akon’s Akoin (AKN) crypto is expected to become the exclusive crypto of the Mwale Medical and Technology City in Kenya. The crypto project that was developed by Senegalese-American singer Akon has finished its pilot rollout stage of its deployment in the Mwale Medical and Technology City complex.

Based on previous reports, the trial phase was launched in November 2021 at the time of the AKN listing on the Bittrex crypto exchange. After the success of the initial pilot project, the Akoin cryptocurrency is now fully designed for full deployment in the $2 billion-medical complex in July.

While commenting on the success of this program, Akoin President and co-founder Jon Karas said that the latest rollout was received with ‘great enthusiasm.’ After it gets fully deployed, AKN might become available for adoption among some 2,000 merchants, 5,000 hospital workers, and more than 35,000 residents of the MMTC.

In general, the Akoin team estimates that more than $5 million in transactions will come from the facility using AKN tokens.

Based on that announcement, real-life utilization of AKN coins will increase significantly to cover the almost 20,000 MMTC workers anticipated by December 2021. By the end of next year, the Akoin team believes that AKN will become the exclusive digital currency of this facility and will process $1.7 billion to $2 billion in transactions annually.

As part of the planned Akoin exclusivity within the complex, residents and workers can get their salaries in AKN. Notably, the token will also be used for peer-to-peer money transfers, micro-transactions, mobile airtime top-ups, among others.

"Akoin and @BaanxGroup are working in partnership to deliver the future in digital assets payments. The Baanx platform will enable #Akoin users to spend $AKN in the global economy."

– Lynn Liss, Co-Founder & COO of Akoin

Read more: https://t.co/zHQ7xjtRWY pic.twitter.com/sLpAGhQJvS

— Akoin.io (@AkoinOfficial) February 18, 2021

The Akoin team also wants to release a physical card connected to the AKN wallet. This development will enable users to transact across at least 40 million global merchant platforms. The co-founder of Akoin, For Lynn Liss, said that the project aims to use the lessons acquired from the AKN deployment in the MMTC as a dependable blueprint for increasing the adoption of the token in the whole of Africa.

Akoin is the planned official currency of the futuristic Akon City that is being set up in Senegal. Also, the Akon Foundation is creating a blockchain incubator in the MMTC. Will the Akoin crypto join the mainstream economic infrastructure with Kenya seemingly considering investing in Bitcoin?

Like what you're reading? Subscribe to our top stories
Tags: AdoptionAfricaAKNAkoinAkon CityAkon FoundationBusinesscryptocryptocurrencyKenyaPaymentsSmart CityTechnology

Related Posts

Bitcoin Is Going To End Badly – Senator Elizabeth Warren
News

Bitcoin Is Going To End Badly – Senator Elizabeth Warren

March 2, 2021
Goldman Sachs Is Not A Bearish Indicator For The Bitcoin Market
Analysis

Goldman Sachs Is Not A Bearish Indicator For The Bitcoin Market

March 2, 2021
Why Did Bitcoin Recover By 8% Overnight?
Analysis

Why Did Bitcoin Recover By 8% Overnight?

March 1, 2021
Facebook Twitter Instagram Telegram RSS Youtube

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.