LOS ANGELES, CALIFORNIA - NOVEMBER 15: Akon attends the Akon Lighting LA - Disclosure Festival at ... [+] 3BLACKDOT on November 15, 2019 in Los Angeles, California. (Photo by Gabriel Olsen/Getty Images) Getty ImagesAkon City, a “futuristic cryptocurrency themed city” founded by music mogul Akon, is ready to begin construction in Senegal, after securing $4 billion from investors. The city will exclusively use the “Akoin” digital currency and plans to have parks, universities, schools, a stadium, hotels, and more. It will be the de facto currency in a Senegalese city he’s constructing on land donated by the government. Zimbabwe’s Reserve Bank banned banks from processing digital currency payments only for the country’s High Court to reverse the order.

Source: Forbes August 18, 2020 04:18 UTC