Akon’s Akoin pilot heralded a success, eyes countrywide rollout in Kenya
Cointelegraph
Published Aug 04, 2021 04:30PM ET
Updated Aug 04, 2021 06:00PM ET
Akoin, the cryptocurrency project developed by Senegalese-American singer Akon, has achieved success in its initial pilot testing at western Kenya’s Mwale Medical Technology City, or MMTC, preparing for a national rollout in the near future.
The pilot, which began in November 2020, is expected to pave the way for $5 million worth of transactions per month at MMTC, according to a spokesperson for Mwale Medical Technology City. As Cointelegraph reported, the pilot stage allowed residents to pay and be paid using Akoin and have the transactions converted immediately into cell phone minutes or other forms of exchange.
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Written By: Cointelegraph
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