Akon’s Akoin cryptocurrency is set to become the exclusive cryptocurrency of the Mwale Medical and Technology City in 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.
Crypto transactions in Kenya now attract a 1.5% tax.12057
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.19249
The launch coincides with an AKN token listing on the Bittrex cryptocurrency exchange.8056
Blockchain can reportedly return billions of dollars back to Kenya’s budget.5556
The Governor of the Central Bank of Kenya told reporters the institution is "already feeling left out."13660
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.5065
African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response6509
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.4481
Ukraine beats Russia, China and more in adoption metrics, according to new research from Chainalysis.8265
Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.3406
A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities.6210
Crypto adoption appears to be growing across the continent of Africa.16079
World regions with fast-growing financial and economic potential, such as Africa, could become the predominant crypto adopters.8985
Crypto exchange Binance is enabling citizens in five further countries to buy crypto using Visa cards with their national fiat currencies.11413