MMTC founder Julius Mwale and Akon are expected to be in attendance at next month’s major launch event that will unveil Akoin’s national rollout across Kenya.
Kenya, or officially the Republic of Kenya, is a state in Eastern Africa. Currently, Kenya is one of the most rapidly developing countries in Africa. In terms of Bitcoin, Kenya — as an economic center of the continent — has had a leading position in cryptocurrency use. Bitcoin mining in Kenya has become very popular among the community due to several reasons, such as less volatility relative to the national currency, the ability to earn money, etc., so even the local mass media spread the information about Bitcoin, which has led to a higher level of awareness among citizens of the country. The technology of blockchain in Kenya is considering for use by the real estate market to register ownership and for auditing, in order to make its services convenient and transparent.
The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season.3512
One electoral commission aspirant in Kenya said that the country should consider adopting blockchain-based voting.2400
Akon’s Akoin cryptocurrency is set to become the exclusive cryptocurrency of the Mwale Medical and Technology City in Kenya.22276
Crypto transactions in Kenya now attract a 1.5% tax.12270
A report this weekend claimed that DeFi has reached a million users, but the emerging financial vertical has a long road to travel towards widespread success.19568
The launch coincides with an AKN token listing on the Bittrex cryptocurrency exchange.8446
Blockchain can reportedly return billions of dollars back to Kenya’s budget.5686
The Governor of the Central Bank of Kenya told reporters the institution is "already feeling left out."13868
A stablecoin that will be used to pay entrance fees for the golfing tournaments of a Kenyan 'entrepreneurs network’ has started testing under the local regulatory sandbox.5128
African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response6605
Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year.4573
Ukraine beats Russia, China and more in adoption metrics, according to new research from Chainalysis.8518
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.3496
A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities.6517