Akon recently featured on Revolt TV’s Drink Champs on 10th September and he discussed about financial responsibility, Africa’s economic state and projection along with sharing some tips on investment opportunities. His advice on financial management included investment in Akoin.
The popular American singer, lyricist, and businessman announced his own cryptocurrency Akoin earlier this year in June. The coin powers an ecosystem that can ‘create opportunities for young entrepreneurs in Africa and beyond’ as per the vision outlined by Akon. Since he first announced the launch of Akoin, Akon has actively been learning more about the future of digital currencies and educating his fans about the same.
Akon acknowledged that “no one” understands what cryptocurrencies really mean. People invest in shares and stock based on their trust in the future and scope of the company, Akon stated. He further shared that the way he understands it, cryptocurrencies are similar to what stocks or shares of a company are, with just a few differences.
However, as he said, cryptocurrencies are not backed by anything, and it’s primarily the “popularity” and “trust factor” that keep the industry going. “So, when you invest in it [Akoin], you are investing in the future of Africa,” shared Akon when asked about his own cryptocurrency.
“I realized that this crypto is going to be the future in currency. I just watch how things changed drastically in time to digital,” Akon told while sharing why he got interested in crypto in the first place. “Crypto is going to become the next digital currency. So if you don’t invest in that now if you don’t see that coming, you’re a fool,” he further added
Akon also shared that Akoin will be up for sale in October. Additionally, when one of the interviewers asked him if it would be up on Coinbase, he said that it is going to be “everywhere.” He plans that it will be “in more places than Bitcoin itself because in Africa we have an open platform.”