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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Akoin rolled out in $2B medical metropolis in Kenya

Akon’s Akoin cryptocurrency is set to become the exclusive cryptocurrency of the Mwale Medical and Technology City in Kenya.

Akoin (AKN), the crypto project developed by Senegalese-American singer Akon, has completed the pilot rollout stage of its deployment in the Mwale Medical and Technology City complex in Kenya.

As previously reported by Cointelegraph, the trial phase was launched back in November 2020 at the time of the AKN listing on the Bittrex crypto exchange.

Following the success of the initial pilot, the Akoin crypto is now ready for full deployment in the $2 billion complex in July.

Commenting on the success of the pilot program, Akoin President and co-founder Jon Karas revealed that the roll-out was received with “great enthusiasm.”

Once fully deployed, AKN will reportedly be available for adoption among 5,000 hospital workers, 2,000 merchants, and over 35,000 residents of the MMTC. In total, the Akoin team estimates that over $5 million in transactions will come from the facility using AKN tokens.

According to the announcement, AKN utilization should increase to cover the estimated 20,000 MMTC workers expected by December 2021. By the end of 2022, the Akoin team says AKN will be the exclusive digital currency of the facility, processing between $1.7 and $2 billion in transactions per year.

As part of the planned Akoin exclusivity within the complex, workers and residents can receive their salaries in AKN. The token will also be used for microtransactions, peer-to-peer money transfers, and mobile airtime top-ups among others.

As part of the project, the Akoin team is reportedly releasing a physical card connected to the AKN wallet that will allow users to transact across 40 million global merchant platforms.

For Lynn Liss, co-founder of Akoin, the project plans to use the lessons learned from the AKN deployment in the MMTC as a blueprint for scaling the adoption of the token across the continent.

Indeed, Akoin is the planned official currency of the futuristic Akon City currently being built in Senegal. The Akon Foundation is also developing a blockchain incubator in the MMTC.

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