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He plans to build his own 'Crypto City', where all the transactions will be carried out in cryptocurrencies, in order to improve the living conditions of people living in Africa. While speaking at the Cannes, the solar energy entrepreneur and entertainer said that the cryptocurrency and blockchain technology could empower people in Africa. The decentralised system will enable the people to advance themselves and independent of the government.
According to the Akon's official website, Senegal's president Macky Sall has granted him 2,000 acres of land which will be transformed into a 'Crypto City' called, 'Akon Crypto City'. It would be the first city where a cryptocurrency will be the basis of transactions. According to the website, the location of the new city is within five miles of the country’s international airport. It uses smart city designs and a blank canvas for “cryptonising” daily business and human exchanges. However, when questioned about the technical aspects of the blockchain technology, the rapper replied that those questions are for "the geeks", and he only provides the concepts.
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However, building a 'Crypto City' may be Akon's only a plan for the future. Apparently, he also aims to run for the post of President in 2020 US elections. He said that he is ready to take on both Donald Trump and Kanye West- who has also expressed his intentions of running for President in 2020.