Dennis Rodman's proposed trip to Singapore for the Trump-Kim summit may be sponsored by a cryptocurrency for marijuana

  • Potcoin, a cryptocurrency for marijuana, may be sponsoring Dennis Rodman's proposed trip to Singapore for the Trump-Kim summit.

  • It's a marketing opportunity for the coin, and yet another unexpected wrinkle in the historic nuclear talks.

  • "We at PotCoin definitely believe that Dennis Rodman deserves the Nobel Peace Prize," a spokesman for the cryptocurrency said.

A cryptocurrency for marijuana may be sponsoring Dennis Rodman's proposed trip to Singapore for the historic talks between North Korea and the US.

The currency, called Potcoin, previously sponsored Rodman's June 2017 trip to North Korea in an elaborate marketing ploy. The former NBA-player arrived in Pyongyang's international airport decked out in Potcoin apparel — including a T-shirt, hat, and sunglasses — and flanked by Potcoin's executives.

The stunt paid off: Potcoin's market cap soared 84%, though it plummeted a day later, according to coinmarketcap.com.

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Rodman's trip to Singapore for the June 12 summit is far from certain. But a PotCoin spokesman confirmed to The Washington Post on Thursday that it's in advanced discussions with Rodman to bankroll the trip if it happens.

It's another wrinkle in the high-stakes nuclear diplomacy between President Donald Trump, and North Korean leader Kim Jong Un.

"The PotCoin team as a community has been incredibly supportive of Rodman’s peace mission from the beginning," Shawn Perez, the spokesman, told The Post.

Potcoin was founded in Canada in 2014 as a digital cryptocurrency designed to remove the need for cash transactions between marijuana consumers and dispensaries. Since marijuana is illegal under federal law, the majority of banks won't take cash or open lines of credit for marijuana businesses — which some crypto-boosters point to as an opening for digital currencies.

However, cannabis industry CEOs told Business Insider in December that cryptocurrencies aren't a panacea for the nascent industry, pointing out that their use can "draw unwanted attention" from regulators to otherwise law-abiding dispensaries.

That isn't stopping Potcoin.

"We at PotCoin definitely believe that Dennis Rodman deserves the Nobel Peace Prize jointly with President Trump and the Marshal Kim Jong Un," Perez told The Post.

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