Mike Tyson Reportedly Enters Bitcoin ATM Business

Mike Tyson Reportedly Enters Bitcoin ATM Business

July 28, 2015         Written By John H. Oldshue

Former heavyweight boxing champion Mike Tyson is apparently putting his name on a bitcoin ATM venture in Las Vegas. The machines will convert cash into the digital currency.

Over the weekend, he tweeted to his nearly five million followers, “Coming soon…MikeTysonBitcoin.com….Changing the way we get change.”

The website says the bitcoin ATM will be available in August, and invites people to submit their email address to learn more about the project. It also includes a message: “Mike Tyson’s fastest knock out in the ring was 30 seconds. The Mike Tyson bitcoin ATM can turn your cash into bitcoin in under 20 seconds.”

The ATMs are part of Bitcoin Direct, which is a small bitcoin ATM company owned by Peter Klamka.

“He [Tyson] is a well-recognized figure who has been involved with money on both sides of the equation for most of his life,” Klamka told the Las Vegas Sun. “At a minimum people will try bitcoin because Mike Tyson has tried it.”

There are currently a handful of Bitcoin ATMs in Las Vegas. Klamka’s plan is to have two Tyson ATMs that dispense this crypto currency in place next month.

However, several Bitcoin forums are questioning the legitimacy of the business. In addition, some media analysts feel Tyson may have been duped into this business venture. SiliconAngle reports that the market cap for Bitcoin Direct is just $6,870.

The information contained within this article was accurate as of July 28, 2015. For up-to-date
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About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
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