Akon has been one of the artists within hip-hop that has made a fortune through investments and other smart financial moves.

One investment, in particular, Akon stands by is cryptocurrency. During his recent interview on Drink Champs with N.O.R.E. and DJ EFN, Akon spoke about his foray into the crypto-world and announced his own cryptocurrency, Akoin.

“What you’re investing in is the future of Africa, when you invest inAkoin, […] I realized that this crypto is going to be the future in currency. I just watch how things changed drastically in time to digital […] Crypto is going to become the next digital currency. So if you don’t invest in that now, if you don’t see that coming, you’re a fool.”

Akon continued, “It’s going to be everywhere—I mean, Akoin is actually going to be in more places than Bitcoin itself,” stating that “Because in Africa we have an open platform.”