Akoin, the cryptocurrency project developed by Senegalese-American vocalizer Akon, has accomplished success in its initial pilot testing at western Kenya's Mwale Medical Engineering Metropolis, or MMTC, setting the phase for a national rollout beginning next calendar month.

The pilot, which began in November 2022, is expected to pave the fashion for $5 million worth of transactions per month at MMTC, according to a spokesperson for Mwale Medical Technology City. As Cointelegraph reported, the pilot phase immune residents to pay and be paid using Akoin and take the transactions converted immediately into cell telephone minutes or other forms of exchange.

Full implementation is expected to brainstorm in September, and monthly transactions are projected to surge, mayhap reaching $ii billion by 2022. By that fourth dimension, Akoin will become the only platform for business concern transactions in the urban center.

Related: Akoin rolled out in $2B medical metropolis in Kenya

Akoin is a cryptocurrency designed to help entrepreneurs, business organization owners and social activists transact locally without many of the impediments that inflict emerging markets in Africa.

For full implementation to be successful, the Akoin project is targeting five,000 workers within the first six months and 20,000 workers by the end of 2022. MMTC is scheduling a "major launch event for September" that will introduce Akoin for wider credence. The spokesperson explained:

"A major launch event scheduled for September volition include the launch of a new hospital wing in MMTC and the activation of Akoin across v,000 beds at the Hamptons Hospital and xxx,000 transactions per month, utilizing Akoin'southward Atomic Swap engineering science, Merchant Services and Akoin Credit and Debit Cards."

The spokesperson further explained that, by the end of 2022, Akoin is expected to become the "second almost pop payment platform after Thou-Pesa," a mobile-phone-based money transfer and micro-financing service popular in Africa and other parts of the developing world.

Mwale Medical Technology Metropolis is described equally a newly congenital city encompassing a land-of-the-art medical and technology complex. The pilot testing of Akoin was seen every bit a stepping stone for the cryptocurrency beingness adopted past the highly aggressive Akon Metropolis projection in Senegal.

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