- Akon has just teamed up with the blockchain financial infrastructure company Delchain.
- Designed on Stellar, the new cryptocurrency from the rapper is aiming to provide utility tokens for atomic swaps.
The cryptocurrency project from the well-known singer and rapper, Akon has just teamed up with the blockchain financial infrastructure company Delchain.
The President of Akoin, Jon Karas said in an email to Cointelegraph:
“Bahamas-based digital asset management leader Delchain, an affiliate of Deltec, has provided strategic advisory services and expertise in connection with Akoin’s token generation event on a top tier exchange, scheduled for Q2 of 2020.”
Designed on the blockchain from Stellar, the new cryptocurrency from the rapper is aiming to provide utility tokens for atomic swaps. This will allow parties to transfer across numerous different cryptocurrencies and fiat currencies.
In Africa, Akon described the financial difficulties that occur in the country on a daily basis. Specifically, he highlighted unstable currencies.
One of the cofounders and COO of the cryptocurrency project, Lynn Liss said the following:
“Akoin is a blockchain ecosystem and cryptocurrency designed to fuel rising entrepreneurs in Africa and beyond… Akoin's mission is to unlock the potential of the world's largest growing economy by creating revenue- generating opportunities and stimulating innovation, entrepreneurship, economic stability, and growth across Africa and other lean economies.”
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