When Akon said that he was building a digital currency city in Africa, the world was excited. After the excitement died off, pertinent questions are unanswered.
Rapper and entrepreneur Akon has shared the whitepaper for his upcoming cryptocurrency exclusively with Cointelegraph.
The whitepaper describes Akoins as utility tokens that power “atomic swaps” between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network.
Speaking with Cointelegraph, Akon emphasized that mobile credits are being used as a currency in Africa.