Hip hop artist Akon has created a new cryptocurrency in Africa as a transparent tool to empower young entrepreneurs. The digital currency Akoin, to launch in Kenya, will be usable on flip phones, rather than only on smartphones, to reach the unbanked and underbanked.
Akon and Jon Karas, president and co-founder of Akoin, explains strategies around access, seeking partnerships on the ground, and the future of Akoin.
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