America-born Senegalese artiste, Akon, real name Aliaume Damala Badara Akon Thiam, has scooped an award as ‘Innovator Of The Year,’ by the Black Enterprise group during its TechConNext event held recently, Africa news reports.
Akon was awarded in relation to Akoin, a crypto currency project he is undertaking in Africa
— Black Enterprise (@blackenterprise) October 8, 2018
Earlier this year, Akon announced he would be launching his own cryptocurrency called Akoin. Months after the singer/producer revealed his plans, he sat down with Revolt TV’s Drink Champ series to discuss the venture and why people should invest in his crypto.
‘Crypto is internet boom for Africa’
But Rasheed Alabi, a risk management analyst, says Africans see cryptocurrencies as a means of achieving financial independence and escaping the continent’s ailing economies.
“We missed the internet boom, crypto is another opportunity for us,” Alabi says.
With African governments tightly controlling several sectors including banking and internet access, Africa’s crypto evangelists say blockchain offers an instrument that the government cannot regulate.
“Governments around the world are already losing their voice when it comes to becoming their citizens’ financial and security advisers. People don’t trust the government anymore and the global liberalist movement is fast rising,” Alabi told CNN.