Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Akon Explains How Senegal’s Worthless Fiat Caused Him to Create Akoin

written by

Senegal Akoin

Support free journalists: > send a tip

  • After being told that Senegal’s West African franc was worthless in France, Akon decided that Africa needed a new currency

Akon, the famous singer who is launching a cryptocurrency called Akoin while simultaneously building a futuristic crypto and blockchain-based city in Senegal named Akon City, has revealed why he started these projects. Apparently, it comes down to a single incident when trying to use the West African franc (CFA), which is the fiat currency of Senegal and many other nations in Africa.

One day, Akon was rushed to the airport and had no chance to convert his CFA before leaving Africa and flying back to France. The global superstar thought that he could easily convert the CFA to euros in France though, because it was the same country, a former colonist in the African continent, that created and runs the CFA currency.

However, once Akon was in France and tried to convert his CFA to Euros, he was told that the currency is worthless there. At that point, the world-famous singer realized that Africa needed its own currency that was not run by foreign nations.

That being said, Akoin still hasn’t launched yet, but it appears to be a serious project and should launch sometime this year. is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow on Twitter: @bitcoinnewscom
Telegram Alerts from

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter