Akon’s Akoin project partners up with blockchain firm Delchain

Written by: Ali Raza
March 18, 2020
  • Cryptocurrency project Akoin recently revealed a new partnership with a blockchain company, Delchain.
  • The partnership will help with token generation across different exchanges, and ultimately help drive Akoin adoption and its advanced services.
  • With Delchain being very knowledgeable and capable in the area of token management, Akoin hopes to utilize the partnership to help Africa and other struggling economies.

A cryptocurrency project Akoin, launched by Akon, a famous singer, recently revealed its new partnership with Delchain. Delchain is a blockchain financial infrastructure firm based in the Bahamas, and it acts as a digital asset management leader. The company is also an affiliate of Deltec.

According to Akoin’s president and co-founder, Jon Karas, Delchain has provided its expertise and strategic advisory services to Akoin to help with its token generation event on top crypto exchanges, which is expected to happen in Q2 of this year.

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Akoin itself is a crypto project created on Stellar’s blockchain, and its goal is to provide utility tokens for atomic swaps. That way, anyone using it could easily transition across different crypto and fiat currencies, as revealed by the project’s white paper.

How can Akoin and Delchain help struggling economies

The project was created by a popular singer, Akon, who recognized the potential that cryptocurrencies hold, and their ability to help the unbanked and underbanked across Africa. The continent is plagued with monetary difficulties and unstable currencies. They often have to use cell phone minutes and credits as a form of a stable currency, which they then exchange for food and other products.

Akoin can help them by delivering an easy-to-use method of participating in global finance, while simultaneously fueling rising entrepreneurs in and out of Africa. The project’s co-founder and COO, Lynn Liss, stated that the project’s mission is to unlock the potential of the world’s largest growing economy. It will do so by creating revenue, creating new opportunities, stimulating entrepreneurship, innovation, economic stability, growth, and more.

While the project will initially target the African continent, it will also help other troubled economies, as well.

Meanwhile, Delchain will add extra depth in numerous areas for the project. The company is quite knowledgeable and capable of delivering the industry’s best practices, top-tier relationships and financial services, all of which are related to token generation, digital asset management, and token custody services and management.

Akon himself commented on the partnership, noting that the decision to partner with Delchain comes from the firm being one of the most prolific financial facilities of the crypto industry.