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Akon’s cryptocurrency project joins blockchain financial infrastructure Delchain

Image by Akoin

Wed, 18 Mar 2020, 15:50 pm UTC

Singer Akon’s crypto project called Akoin has joined Delchain, a blockchain financial infrastructure company.

Jon Karas, the president and co-founder of Akoin confirmed the report to Cointelegraph. According to her, Delchain will lend its expertise to Akoin.

“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,” Karas told Cointelegraph in an email.

Akoin is more than just a cryptocurrency because it is also designed to establish credit, borrow money, access government services and more. This is powered by a marketplace of tools and services to support the dreams of entrepreneurs, business owners and social activists as they connect and engage across the rising economies of Africa and beyond.

“Akoin is a blockchain ecosystem and cryptocurrency designed to fuel rising entrepreneurs in Africa and beyond,” said Lyn Liss, Akoin COO and co-founder.

“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.”

Delchain is a one-stop-shop that a full suite of digital services to support blockchain technology companies in changing the world. Akon, a visionary global artist, change-maker, innovator and humanitarian saw Delchain’s potential in helping him realize his visions.

“We decided to partner with Delchain, Delchain being one of the most prolific financial facilities in the crypto world,” Akon said about its partnership with Delchain.

“When we met with them it was more so about allowing them to understand what we are trying to do in Africa, the kind of challenges that they will be facing, that most banks and financial facilities aren’t willing to take at the moment.”

Meanwhile, American entrepreneur and investor Mark Cuban confessed that he is not into cryptocurrency. He said that bitcoin has “no intrinsic value” and would rather collect bananas than crypto because he can eat the former.

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