The crypto project Akoin of famous US rapper and philanthropist Akon has partnered with Fireblocks to build a more secure wallet for a pan-African user base.
In preparation for mass adoption, Akoin will integrate Fireblocks’ MPC wallet technology to increase its wallet’s security and custody capabilities. Combining MPC-CMP with hardware isolation results in increased multi-layer security.
Akon, the creator and Chairman of Akoin, stated about the collaboration and predicted that yearly transactions using the Akoin wallet would reach $2 billion by the end of 2022.
The Akon wallet promises to make it easier for people to participate in the crypto business by simplifying the procedure. It will be a custodial wallet that does not need any previous technical expertise or third-party web3 extension wallets such as MetaMask.
The wallet’s first release—mobile optimised for both iOS and Android—will enable users to buy Akoin and other cryptocurrencies straight from the wallet. Users will also be able to trade their coins and connect them to the company’s recently issued Akoin Card, which can be used at any online or physical Mastercard-enabled store.
The Akon Marketplace will be included in the second edition of the wallet, allowing users to “learn, earn, spend, and save” in numerous crypto and DeFi options.
Partnerships and integrations with NFT markets, fiat currencies, education and entertainment platforms, as well as numerous DApps and Apps, will be included in the wallet’s version two release.
