Education and technology

Singer Akon to launch cryptocurrency, build Senegal city

Singer Akon to launch cryptocurrency, build Senegal city

When Grammy Award-nominated singer Akon tried to convert some of Senegal’s currency to euros during a trip from Dakar to Paris a few years back, he was met with resistance. An employee at the currency exchange counter in France told him, “Unfortunately, we don’t take those.” “I’m like, ‘What?’” Akon recalled in a recent phone interview with Bloomberg News. He hadn’t had time to convert one currency to the other before he left for his trip and was stuck with a pocketful of CFA francs — the currency used in many French-speaking West African countries, including Senegal — and nowhere to spend them.

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