The company said that the partnership is a natural extension of Akoin’s goal to improve social opportunities and access to financial services to countries across the African continent. The update claims Akoin will be compatible with Stellar wallets and interoperable with all digital assets and currencies currently supported by the Stellar network. Kenya:Justice for Westgate Mall terrorist attack victims, African Development Bank wins AFSIA Development Finance Institution of the Year award for increasing solar energy footprint across Africa, Banding Together is the only way Africa will Beat COVID-19, Tensions as South Sudan, Uganda troop clashes leave two dead at border, Africa’s energy masterplan takes shape as African Development Bank and AUDA-NEPAD release key report, Stellar (XLM)-based Akoin will be sole-currency of a multi-billion dollar city in Kenya. According to Akon and other company representatives, Akoin plans on capturing the market in the rest of Eastern Central Africa in phase 1 of its development. Difference between Akoin and other tokens on Stellar Blockchain. Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. Buying and trading cryptocurrencies should be considered a high-risk activity. Your email address will not be published. We aim to improve Africa’s financial infrastructure and lower costs by removing intermediaries and increasing transparency. The Libra project, spearheaded by Facebook last year, was designed to bring stablecoins to unbanked populations in order to help users deprived of financial access to build their wealth, exchange money and make purchases using an accessible currency that holds a pegged consistent value. Solvid You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Jeev, Karas said, was a natural choice as it enabled Akoin to provide and scale healthcare services to critically underserved areas of Africa. And now, the company has turned to healthcare by establishing a partnership with Jeev, a blockchain-based platform used to connect patients with healthcare professionals. The grammy-award winning artist and producer Akon has secured a major deal for his cryptocurrency project Akoin which will make it the official currency of a burgeoning tech hub in Kenya. Expected to be launched on the Stellar blockchain, Akoin is set to launch with an initial coin offering in the coming weeks. Contact us Note: All information on this page is subject to change. Akon City is estimated to cost $6 billion to build, and ‘phase 1’ of its construction is expected to be completed by the end of 2023 - which would see the construction of a hospital campus, shopping malls, roads, hotels, a police station, a school, a waste facility and a solar power plant. Akoin selected Stellar’s distributed, hybrid blockchain due to a shared vision for creating global financial inclusion, particularly in areas such as Africa. Dr. Sanjeev Kaila, a U.S.-based surgeon and founder of Jeev, said that the Akoin token will power all of the financial and reward exchanges throughout the Jeev platform and enable the service to expand its reach across Africa: “Offering the Jeev application within the Akoin platform extends our reach beyond Rwanda into other countries throughout Africa, together improving the quality and cost of healthcare in developing countries.”. The $2 billion technology city in western Kenya was built around the 5,000-bed Hamptons Hospital and is home to over 35,000 people. Access to the Stellar Anchor Network will provide the Akoin token even more liquidity and available trading pairs.

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