Dennis Rodman and Potcoin: How Crypto Gatecrashed a Historic Summit

With all eyes on Singapore this week, was it any surprise crypto would make an overall look?

The historic summit amongst U.S. President Donald Trump and North Korea’s Supreme Chief Kim Jong Un received the crypto community’s awareness – and held it – many thanks to Dennis Rodman and the notorious cryptocurrency that funded his vacation to Singapore, potcoin.

CoinDesk described on June 7 that retired basketball star Dennis Rodman was headed to Singapore for the Summit with the help of the cannabis-themed cryptocurrency. As a superstar who have visited North Korea a number of occasions, Rodman’s vacation was regarded as as “a superstar twist” to the historical geopolitical celebration.

In accordance to The Washington Put up, Rodman was “in discussions with” the crew behind potcoin last week to get economical aid for the vacation. He afterwards formally verified the news on Twitter highlighting the reality his vacation was sponsored by the group:

In reality, it is not the 1st time that potcoin has served Rodman with his travels.

Just last 12 months in June, the former Chicago Bulls star went back again North Korea via potcoin’s sponsorship. At the time, the rate of cryptocurrency spiked as Rod announced the news on Twitter in a “potcoin” t-shirt and a baseball cap.

Launched in 2014, potcoin promises it is “the 1st electronic forex made to facilitate transactions within the legalized cannabis marketplace” on its internet site. By which, it implies that it presents cannabis dispensaries and farmers an alternate to other economical establishments like a lender when they trade.

And that potential customers us to the day when we have Rodman, crying, on CNN from Singapore carrying a “Make The usa Excellent Again” hat, and it tends to make the crypto environment glimpse no even worse than at any time.

Oh yeah, he was also carrying a potcoin shirt.

Excellent for potcoin?

Shawn Perez, a potcoin spokesman, told The Put up that the vacation would be a “peace mission,” but quite a few suspected it was purely a vacation to promote potcoin’s model.

ESPN reporter Darren Rovell tweeted that the advertising and marketing Rodman garnered for potcoin in the minute was really worth $4.1 million.

While Virginia Heffernan, editor at WIRED, thinks the advertising and marketing would only have counterproductive influence. Potcoin is, soon after all, trying to disrupt payments (a true marketplace).

2018 jumps the shark?

For most of Twitter buyers, even though, it was just a strange minute that is really, really, really tough to digest.

As it is now, the rate of potcoin, which is rated No. 315 on CoinMarketCap, spiked in the last 24 hours, according to ConMarketCap’s facts.

Graphic by way of Twitter

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