In his most recent Twitter post, Mayweather guaranteed that he is now utilizing his Titanium Centra card to utilize cryptocurrencies like Bitcoin and Ethereum in his business exchanges.
Boxing champion Floyd Mayweather Jr. is promoting the scheduled initial coin offering (ICO) by Centra on September 19, 2017.
The move was made by the boxer in spite of the crackdown being launched by different governments around the globe on the new technique for raising funds by new businesses.
In his most recent Twitter post, Mayweather guaranteed that he is now utilizing his Titanium Centra card to utilize cryptocurrencies like Bitcoin and Ethereum in his business exchanges. Centra is ready to launch its digital currency debit card to the commercial market after its successful ICO.
Centra’s ICO is the third ICO being promoted by Mayweather. In the previous months, the boxer has promoted ICOs of Stox and media tech company Hubii. The two organizations have yet to make their position in the market. It remains to be seen how Centra will perform amidst huge competition in the debit card market.
Mayweather’s support of the Centra ICO comes in the midst of a worldwide crackdown on the new fundraising strategy. In the US, the Securities and Exchange Commission (SEC) is expanding its efforts to investigate the cryptocurrency market. The organization has additionally issued notices against potential ICO scams and “pump and dump” schemes.
In China, the administration is planning to force extreme controls on the cryptocurrency market. The most recent reports claimed that authorities have just ordered Beijing-based virtual currency exchanges to stop their exchanging operations and immediately inform their clients.
In addition, authorities also ordered the exchanges to stop new client registrations on immediate basis and to report to the government about the measures they are taking to make withdrawal transactions risk-free for users.
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