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If there’s one thing that we love about the Internet, it is its ability to share information that would otherwise have never seen the light! This time, Akon let the world in on a big secret — he and the King of Pop were planning to open music-focused schools in Africa ahead of his untimely death in 2009. That’s right, the Senegal native and Michael Jackson had big dreams of collaborating in a huge way to bless students on the continent.
Talk about a way to watch the plot thicken in a business relationship gone awry. As previously reported by AfroTech, the ex-business partner of Akon claims that the singer still owes him four million dollars. In a new allegation, he now says that the Senegal native’s plans to build his own city could be a Ponzi scheme. AfroTech also shared the news of Akon’s plans to begin building a futuristic city in Africa. Per reports from Complex, Devyne Stephens has now asked a judge to freeze Akon’s New York assets in an effort to get his money more quickly. Those reports also reveal that the court documents say Akon is “flagrantly breaching two separate contractual promises.”
Akon is staying busy with his blockchain-powered cryptocurrency Akoin. As AfroTech previously told you, the currency was created to encourage learning, earning, spending and savings opportunities throughout Africa that is said to expand into other economies. The platform provides a solution to the current challenges faced by entrepreneurs such as inflation, limited access to business tools and services, and restricted government regulation, among others. Now Akon is finding new ways to leverage the continent’s economy through a newly launched cryptocurrency card that can reportedly be used anywhere where MasterCard is accepted. “It’s Done. The official AKOIN Card!!! Which allows you to now spend your AKOIN (AKN) were ever master card is excepted. I’m sure you can’t freely spend your crypto in any of your favorite stores right? Well you can with AKOIN (AKN) so grab yours now on BitMart.com before we expand to the major exchanges,” Akon said in an announcement made via Instagram....
Rapper turned entrepreneur, Akon shared an official whitepaper where he explained the mechanisms and mission behind his new digital cryptocurrency, Akoin. Akoin is a block-chain powered cryptocurrency that aims to “unlock the potential of the world’s largest growing workforce by creating learning, earning, spending, and saving opportunities across Africa and other lean economies.” The Akoin Ecosystem of Decentralized Applications (DApps) and Applications (Apps) will allow users to convert prepaid mobile minutes, a commodity commonly used in Africa, and fiat currency into cryptocurrency thus making it possible for users to transition monetary ecosystems with ease. Akon explained that mobile minutes are a top trading tool in most African countries. “We have so many currencies in Africa – a lot of them are unstable, and most of them are untrusted. It got to the point where the day-to-day African people don’t even use the currencies anymore, they’re using their cell phone minutes and...