Akon, a successful African music producer plans to build a huge city in Senegal based on a cryptocurrency that looks to be the saviour of Africa and the world at large. Akon, whose real name is "Aliaume Thiam" was born in Missouri and currently lives in the United States though he spent a lot of his childhood moment in Senegal.
The African continent will provide a fertile ground for blockchain innovation in the future as the technology has been spreading like wildfire with many countries embracing it. Blockchain can progress with unusual rapidity economic empowerment, mitigate fraud, offer safe protocols for entrepreneurs and transform logistics operations.
The bitcoin transaction volume increased in the first week of June this year to more than 1.5 billion (worth N1.4 billion) from 1.3 billion traded in the last week of May in Nigeria, Africa's biggest economy and most populated country. Individual investors made a lot of transactions using local exchanges compared to companies outside Nigeria that allow virtual currency dealings.
Humaniq announces the launch of its Android app which will enable users to gain access to next-gen financial services. The application has a secure built-in messenger with end-to-end encryption and a mobile wallet with its own HMQ cryptocurrency.
Cryptocurrencies are a better way to spend and to use than true currencies. They are cheaper, faster and more reliable. Now, Avesta aims to connect the main world and the cryptocurrency world together.