Akon is bringing his digital currency business in Uganda not serious business

April 3, 2021 TheDrone

By Jeremiah Kaniampiha

Before you get excited about Akon’s investment in Uganda ascertain what kind of business he is offering. Not every silver lining cloud produces rain. Akon has received much hype especially by money -hungry socialites; they are hoodwinking Ugandans; yet no serious business.

The business Akon is bringing is hidden in words; it is para-phrased to lure gullible Ugandan authorities into accepting. He owns a crypto currency known as AKOIN, according to research done by The Drone Media, Akon’s projects operate exclusively with the Akoin crypto-currency.

Crypto currency business should not be accepted in Uganda. A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.

A cryptocurrency, broadly defined, is virtual or digital money which takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.

**Uganda’s President Museveni & his wife Hon Janet meets Akon and his wife Rozina**

The planners of AKOIN say, Africa has over 40+ currencies across 54 countries, each struggling with a level of inflation and instability that makes growing business within the continent and internationally extremely difficult While also creating massive roadblocks for entrepreneurs who want to learn, earn, spend and save.

Through Akoin, one currency powers a digital suite of business building tools and services to unite the people of Africa, and connect them with a world ready to fuel entrepreneurial dreams; including unparalleled access for global brands seeking access to the next largest untapped and unrivaled rising economy.

Basically, this is where Akon is taking Ugandans.