Advertisement
Advertisement
Boxingscene.com

Pacquiao Moving Forward With Plan To Launch a Cryptocurrency

Philippine boxing icon Manny Pacquiao said that he would move forward with his plan to launch a cryptocurrency, stating to reporters that it was part of his plan to connect with fans, but also backed the regulation of virtual currencies.

Pacquiao, one of the world's most successful boxers, is the latest athlete to launch a virtual currency, following Floyd Mayweather and former England striker Michael Owen.

The Singapore-based Global Crypto Offering Exchange (GCOX), in which Pacquiao has invested, said it would unveil the "PAC Token" later this year, which would allow fans to buy the Filipino star's merchandise and interact with him via live-streaming.

pacquiao_2

"It can be a way to be in touch with the fan base and (there are) a lot of things we can do with this cryptocurrency," Pacquiao told AFP.

Forbes magazine last year listed the boxer -- once dirt-poor -- as the world's 20th highest-paid athlete of all time, with career earnings of $510 million.

His venture comes as governments across Asia take a more critical look at cryptocurrencies following wild fluctuations in recent months and the high-profile hacking of Japanese crypto exchange Coincheck.

Lawmakers in the Philippines have proposed legislation that would impose stiff penalties for crimes committed using cryptocurrencies.

Pacquiao, who is a member of the Philippine Senate, also backed the regulation of cryptocurrencies.

"It is already regulated in other countries," he said.

IN OTHER NEWS: TMB & PRB Entertainment is pleased to announce its partnership with San Antonio TV, an ABC affiliate in San Antonio, TX, which will air all its boxing shows on their digital channel.
 
With over 50,000 subscribers, San Antonio TV is ABC's local digital channel which can be viewed on devices such as Roku, Amazon, and Apple TV. Subscribers can watch their live feeds for FREE. The first boxing show to air live on the platform will be this weekend's Whose "O" Must Go card, taking place at the Mi Mercado Event Center in San Antonio, TX on April 28, 2018.

Tags: Manny Pacquiao image  
User Comments and Feedback (Register For Free To Comment) Comment by Marvlus Marv on 04-19-2018

Someone has got Pacman's ear and it looks like they've managed to convince him of this wtf! venture. I didn't know Michael frigging Owen had his own crypto, too. It's like some weird dream.

Comment by Theosis26 on 04-19-2018

Yeah just don't....

Comment by PunchMeIDareYou on 04-19-2018

What a ****ing idiot. No wonder he's a boxer.

Comment by Gambino on 04-19-2018

[QUOTE=MisanthropicNY;18684827]Terrible idea. Maybe he could have made a few bucks in his prime popularity days but the guy waits for after being demoted to ESPN to put out a currency that only buys his merchandise? Guaranteed loss of money.[/QUOTE] You'd…

Comment by MisanthropicNY on 04-19-2018

Terrible idea. Maybe he could have made a few bucks in his prime popularity days but the guy waits for after being demoted to ESPN to put out a currency that only buys his merchandise? Guaranteed loss of money.

Post a Comment - View More User Comments (14)
Top Headlines Chris Algieri Confident He Can Raise His Level Against Hooker Kovalev Asks Fans 'Not To Make Hasty Conclusions On Situation' Cano in Line For a Big Fight, Linares Heading Back To 135 Curtis Stevens Heading To 154: Eyes Hurd, Lara, Harrison, Munguia Pulev vs. Helenius Clash Still Be Worked Out For Crawford-Khan Broner: I'll Be Back; All You Motherf***ers Will Still Tune In! Manny Pacquiao vs. Adrien Broner: CompuBox By The Numbers Gvozdyk To Take Voluntary Before Mandatory Versus Browne Pacquiao To Have Scratched Cornea Re-Examined Monday In L.A. Andrade: I Want Golovkin Next, To Prove I'm #1 at Middleweight Hearn: Don't Be Surprised if Joshua is on DAZN in the US in June Broner: Ain’t Got Mark On Me; They Thought They’d F*** Me Up Pacquiao: I Was Surprised Broner Didn't Throw Lot Of Punches Manny Pacquiao-Adrien Broner: Afterthoughts Broner Falls Very Short on Promised 'New Beginning' For Career Luis Coria Win Big in First Garcia Brothers Promoted Card Badou Jack Gets Stitched Up, Has No Excuses Over Loss Manny Pacquiao Says Injury To His Left Eye is Not Serious Manny Pacquiao Dishes Out Adrien Broner's Comeuppance Pacquiao's LA Home is Burglarized a Day After Broner Win Claressa Shields: Anybody Who Thinks Broner Won is Crazy! Video: Shawn Porter Reacts To Pacquiao Defeating Broner Video: Buboy Reacts To Pacquiao Defeating Adrien Broner Video: Mayweather Sr. Throws Shade at Adrien Broner For Loss Pacquiao: We Can't Blame Broner For Thinking He Won Fight Former Champ Gamache Assaulted on Street By Mystery Man Video: Roy Jones Jr. Reacts To Pacquiao Defeating Broner Video: Devin Haney Reacts To Pacquiao Defeating Broner Video: Daniel Jacobs Discusses Canelo Alvarez Fight WBO To Review Saunders Suspension, Could Be in Line For Andrade Video: Adrien Broner Explains Why He Beat Manny Pacquiao Video: Mikey Garcia Reacts To Pacquio's Win Over Broner Video: Pacquiao Reacts To Win Over Broner, Wanting Mayweather Gervonta Davis Embraces Challenge of Fight in Mares' Backyard Ellerbe: Mayweather’s Retired; 'No Interest' In Pacquiao Rematch Wilder-Fury Rematch Could Land on April 27 or May, Says Warren Kell Book Looks at Jeff Horn, Jessie Vargas, Smith as Options Marcus Browne Dares Teddy Atlas: Bring Me Oleksandr Gvozdyk! Pacquiao Open To Rematch, Mayweather Remains Noncommital Photos: Manny Pacquiao Dominates Broner - MONSTER Gallery
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement