Akoin, a digital ecosystem and cryptocurrency developed by global artist and Akon to improve social opportunities and access for African entrepreneurs, is now listing on the cryptocurrency exchange BitMart.
The listing with BitMart provides access for Akoin within the United States from people who want to support Akoin and opens up access to many other African countries who were previously unable to access and utilize it. The development will also make Akoin available for trading in 10 additional countries where it was previously inaccessible: Burundi, Central African Republic, Egypt, Ethiopia, Guinea, Guinea-Bissau, Mali, Tunisia, and Uganda.
Trading began Sept. 17, and users can buy and sell the token using internationally available deposit options such as PayPal, Paxful, and Apple Pay. It also features sign-up processes uniquely designed for the African business environment. This extends Akoin coverage into an additional 11 African countries with access to buy and sell the Akoin token.
Akoin said is committed to bringing a more trusted digital currency to countries within Africa which suffer from weak and over-inflated fiat currencies that prevent citizens from accessing financial services and the global economy. The Akoin ecosystem provides token holders with access to a wide range of dApps and apps, along with tools for entrepreneurs to connect, engage and scale business in regions such as Africa, while providing a positive social impact to their communities.
The president and co-founder of Akoin, said the listing was an important step for the business.
“BitMart enables us to offer Akoin to a much larger number of people, including those in the United States and more broadly across Africa, which has been a goal for us,” Jon Karas said. “Listing on BitMart also creates more global awareness and liquidity for the Akoin token while bringing us even closer to realizing our vision of bringing greater opportunity and social connectedness to rising entrepreneurs who want to build, grow and develop their own businesses.”
Akoin has signed global partnerships they expect will increase utility of the AKN token, including the Mwale Medical and Technology City (MMTC) in western Kenya where it is being successfully used as the main currency and central payment platform for residents, workers and businesses, a move which has led to the ongoing roll out of AKN across Kenya.
Global expansion continues in Senegal and throughout the African continent through the growth of the Akoin Wallet and global exchange listings with Bittrex Global and BitMart, the company said.