The launch coincides with an AKN token listing on the Bittrex cryptocurrency exchange.
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.
Blockchain can reportedly return billions of dollars back to Kenya’s budget.5381
The Governor of the Central Bank of Kenya told reporters the institution is "already feeling left out."13166
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.4995
African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response6364
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.4331
Ukraine beats Russia, China and more in adoption metrics, according to new research from Chainalysis.8015
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.3352
A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities.5987
Crypto adoption appears to be growing across the continent of Africa.15989
World regions with fast-growing financial and economic potential, such as Africa, could become the predominant crypto adopters.8422
Crypto exchange Binance is enabling citizens in five further countries to buy crypto using Visa cards with their national fiat currencies.11297
Africa remains one the most economically potential regions in the world, crypto and blockchain will help to drive its development.4715
Africa has enormous potential for developing a sustainable fintech industry. Here is the analysis of the three flagship economics in Africa: Kenya, Ethiopia and Ghana.4016
Three national units of the Red Cross are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies.3038