Africa will have the world’s first ‘crypto city’.

A famous singer and entrepreneur “Akon” stated on Monday that he now has official approval to build “Akon City” in Senegal.

Singer “Akon” of Senegalese origin announced his plans to build an African city on his currency more than 18 months ago.

I just completed an AKON CITY agreement in Senegal. We look forward to hosting you there in the future pic.twitter.com/dsoYpmjnpf

– me me) January 13, 2020

At the time, he said that the city would be built on 2,000 acres of land gifted by Senegalese President Macky Sall and that his digital currency would be traded exclusively in the new city.

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Reports indicate that the city of Akon will be built in the coastal village of Mbodiene, five minutes from Senegal’s new international airport.

It was considered an environmental campaign and a sustainable tourist village.

Last week, Aecon also signed a “memorandum of understanding” with the state-owned Senegalese tour operator SAPCO, according to to source.

The “Akoin” coin is expected to start in early July, but the Akon City project will take much longer.

Akon stated in an interview with Rap Radio in Los Angeles:

It’s a 10-year building block, so we’re doing it in stages.

We started construction in March [2019] The second stage will be 2025.

according to euronews The cost of building the future city is estimated at $2 billion.

Cryptocurrencies are the “savior of Africa”

“Icon” is the pen name of 45-year-old “Aliaume Thiam”.

In recent years, the 45-year-old has devoted his music career to entrepreneurship and philanthropy.

Akon Lighting Africa was one of his first companies to provide solar energy to African countries.

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Aikon told Power106 that the new city would be all renewable, iKON Solar City.

Aecon argues that blockchain could enable Africans to become less dependent on their governments, stating:

“I believe that blockchain and crypto can be the savior of Africa in many ways because it restores power to the people.

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“Cryptocurrency and blockchain technology provide a safer currency that enables people in Africa to advance themselves independently of the government.

Aecon is not the only entrepreneur who thinks African countries are ripe for crypto adoption.

Twitter CEO and Bitcoin advocate Jack Dorsey recently returned from a trip to Africa with plans to set up projects in the continent.

But Crypto City may be the least of Akon’s ambitions, as he told music publisher NME last year that he also intends to run for the US presidency.

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