In an interview on Sept 10, the Grammy award winning-music artist, Akon argued that, “Nothing backs the dollar. The U.S. doesn’t have natural resources that back the dollar. What they do have is the military”. He spoke in favor of decentralization and trustless blockchain-based mechanisms that underpin the value of cryptocurrencies.
Akon revealed that he is bullish on cryptocurrency because it’s the people and not the vested interests of national governments that wield control over their value. Akon comments so because his cryptocurrency project for pan-African digital currency will replace fiat currencies, dubbed Akoin, gathers space.