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Mike Tyson stepping into the bitcoin ring

Mike Tyson is getting into the bitcoin market, apparently sponsoring an ATM that allows users to convert real-world cash into the digital currency.

Tyson, who was the former heavyweight boxing champion of the world, tweeted on Saturday the link to a website advertising the "Mike Tyson Bitcoin ATM" coming in August of this year.

Tyson tweet.

The site boasts that "Mike Tyson's fastest knock out in the ring was 30 seconds. The Mike Tyson Bitcoin ATM can turn your cash into bitcoin in under 20 seconds."

"I'm very proud to be a part of the Bitcoin revolution," Tyson said in a statement provided by his spokeswoman.