American music artist, Akon who has won the Grammy award, shared his views about the cryptocurrency. In a radio interview on Breakfast Club on Sept 10, 2019, the famous Rapper, Akon disagrees about having a negative attitude on crypto. He breaks the myth of people, who believe that digital currencies like Bitcoin are volatile.
US dollar active, due to fear and violence of Military
Rapper Akon, says the country still uses the US dollar because of the fear of the military forces and violence. He affirms; Nothing supports the Dollar. The United States has no natural resources to support the Dollar. What they have is the military.
Akon favors Bitcoin
Music Artist Akon loves decentralization and trustless blockchain technology mechanisms of cryptocurrencies and supports Bitcoin due to this reason. He says it is the people who value the concept of cryptocurrencies, not the governments.
Earlier in June 2018, Akon had shown his interest to launch Africa based digital currency, “AKoin” for Senegal for smart city projects. The plan of creating the AKoin Ecosystem was intended to serve AKon as primary cryptocurrency. Moreover, he had a plan to develop a 2000 acre city in Senegal, where the coin was supposed to be used.
Technical points hesitating People from Understanding Bitcoin
As per Akon’s perception, technical terms such as blockchain becomes a hurdle for the public to understand cryptocurrency. This keeps them away from cryptocurrencies such as Bitcoin and makes them think it is volatile. Akon’s main motive behind giving rise to the AKoin ecosystem is to build a stable network and to create more opportunities for the youth of Africa. Furthermore, he wants to support young entrepreneurs and the growth of the world economy.
Photo Credit To Goku41 Via Flickr