Bitcoin ATM’s are machines which can convert from real cash to Bitcoin and sometimes even vice versa. They were first introduced in Vancouver, Canada on 29th October
The site also notes “Mike Tyson’s fastest knockout in the ring was 30 seconds. The Mike Tyson Bitcoin ATM can turn your cash in under 20 seconds.” The new ATM’s are due to launch in two Las Vegas locations in august 2015. They will feature Mike’s branding which is sure to have a great impact on the publicity it gets. Mike Tyson has a huge fan base which is very global. Hopefully many of them will purchase Bitcoin as this may increase the need for Bitcoins. This in turn may push the price up even more as it is currently only $295 at the time of writing.
However it soon surfaced that the sites domain owner, Peter Klamka, has had some shady dealings. Tech news site SIliconAngle (siliconangle.com) said that Tyson was “suckered into a deal by a fast talker who has promised him millions if he gets involved and lends his name to the enterprise.” He has a market cap of $6,780 with no products. This suggests that the Mike Tyson ATM could be a potential scam. However Klamka strongly denied these claims as he quoted “the ATM’s are real and Tyson has an even split of equity due to the way the license is structured.
Hopefully this will be a success as celebrity endorsement will be very useful. Nowadays there are many scams and Ponzi’s so hopefully this isn’t one of them.
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