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Home Cryptocurrency

Boxer Manny Pacquiao Launches His Own Cryptocurrency Called Pac

by Ian Chee
September 2, 2019
LAS VEGAS, NEVADA - JULY 20:  Manny Pacquiao gets ready for the start of his WBA welterweight title fight against Keith Thurman at MGM Grand Garden Arena on July 20, 2019 in Las Vegas, Nevada.  (Photo by Steve Marcus/Getty Images)

LAS VEGAS, NEVADA - JULY 20: Manny Pacquiao gets ready for the start of his WBA welterweight title fight against Keith Thurman at MGM Grand Garden Arena on July 20, 2019 in Las Vegas, Nevada. (Photo by Steve Marcus/Getty Images)

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Just in case you thought there weren’t enough cryptocurrencies going around, there’s a new one now. Philippine boxer Manny Pacquiao has launched his own cryptocurrency, known simply as Pac. It will be listed on Singapore’s Global Crypto Offering Exchange (GCOX).

The purchase of Pac tokens will reportedly allow fans to buy merchandise and interact with Pacquiao on social media. Some of the merchandise may include Pacquiao’s music albums, as Reuters reports that he also does covers of love songs.

Reuters also reports that Pac is the first of its kind, being the first cryptocurrency by a celebrity. English football legend Michael Owen is also listed as a private investor of Pac. Owen himself is also indicated as planning to launch his own cryptocurrency with the GCOX.

It looks like celebrities are also jumping on the cryptocurrency bandwagon. Being one that isn’t launched by a big tech company in the US, it likely won’t face as much resistance as Facebook’s Libra.

(Source: Reuters. Image: Engadget)

 

Filed Under cryptocurrencydigital currencyPac
Updated 1:12 pm, Mon, 2 September 19
http://lowy.at/ERH30
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