Montreal PotCoin-Rodman – The connection is as bizarre as it sounds, yet it is making waves across the globe. It becomes even more bizarre when it is connected to North Korea’s Kim Jong Un and the recent Singapore summit with Donald Trump. And the explanation is just as surreal as the connection.
PotCoin, which first started up in 2014 by three Montreal entrepreneurs, is something like the BitCoin digital currency, but the difference is that it’s intended specifically for the legal cannabis market. It is has been facing some big hurdles, rising up and down in the stock markets – and more importantly not being able to enter the US banking system where even though some states have legalized cannabis, it is considered illegal under federal law.
Nonetheless, PotCoin appears to continue trying to forge ahead – with their connection to Dennis Rodman, a retired but very popular five-time NBA champion and major supporter of Donald Trump. Back in 2013 Rodman was invited to visit North Korea by Kim Jong Un, who had been a longtime fan of former NBA’s superstar Michael Jordan.
The PotCoin connection came in 2017 when the company sponsored Rodman on a trip to North Korea, where Rodman was seen in images all over the media wearing PotCoin T-shirts and hats. The controversial NBA Champion, who said he considers both Trump and Kim Jong Un friends, offered to ‘straighten things out’ between them – and he actually might have been influential in bringing them together. It is unclear, but there have been rumours for years that North Korea is a cannabis paradise and not frowned upon.
Fast-forward to 2018, to the summit in Singapore and there is Dennis Rodman seen in pictures, arriving at the airport on June 11th wearing a ‘Peace Starts in Singapore’ T-shirt, with PotCoin.com printed on top and a ‘Make America Great Again’ cap. Another very bizarre moment during one of the most important summits in history.
In a Washington Post report, PotCoin representative Shawn Perez said that the ‘PotCoin team has been incredibly supportive of Rodman’s peace mission from the beginning’ and he is ‘thrilled to see how the political climate has been improved between North Koreans and the US since he became involved’.
Then in a CNN video which went viral, Rodman is seen crying out with joy over the Singapore summit and saying in an interview, while wearing his ‘Make America Great Again’ cap and PotCoin T-shirt, “We have really put ourselves on the line to reach out to North Korea, and they have been so gracious to me, my family and the United States. So let’s make this happen. If Trump can pull this off, more power to him.”
As far as Rodman is concerned the summit was a complete success, but according to analysts and reporters and although a document was signed – the only thing that really happened was an agreement to continue talks.
It may be unconventional, surreal or completely bizarre, but in the end, should a deal be negotiated that would see North Korea completely denuclearize, perhaps it will be Dennis Rodman who gets the credit – and not Trump or Kim Jong Un.
In the least, one thing is certain – PotCoin has garnered invaluable global attention, but whether it translates into the same kind of success for the struggling company remains to be seen.