Amid Recent Market Crash, Does the PGA Tour Still Accept Cryptocurrency for Payments?

The 2022 Barracuda Championship was particular for lots of causes. Tahoe Mt. Membership in California hosted the occasion from July 14 to 17, and the Outdated Course in St. Andrews hosted the a hundred and fiftieth Open Championship on these similar days. Moreover, it was the primary event within the historical past of the PGA Tour that accepted cryptocurrency funds. 

“We’re extremely excited to take this primary step in innovating the game everyone knows and love,” the event director, Chris Hoff, mentioned about it. The Tour and its occasion needed to turn out to be a part of the brand new world by including cryptocurrency as a fee technique. 

“The skilled golf panorama continues to innovate and evolve,” the championship director additional added. “We’re honored to usher the PGA TOUR into this new area.” 

Cryptocurrency just isn’t a fee possibility for the upcoming PGA Tour occasion

In November 2021, the worth of the preferred cryptocurrency, bitcoin, reached $69,000, its document value. Quickly after, all of the organizations and folks worldwide needed to take a position or purchase the identical. Equally, the American Tour for skilled golfers needed to be part of it too. 

A 12 months earlier than, cryptocurrency was the discuss of town; so is now. Whereas the previous dialogue was about easy methods to make investments extra in it, the individuals are at present speaking about how everybody misplaced cash due to it. 

The worldwide market has been down for some time now, and so has the cryptocurrency market. The bitcoin value dropped under $16,000 this month, a 12 months after it reached its document value. 

Notably, the Tour officers needed to make cryptocurrency a fee technique for all its occasions. Nevertheless, the market fall led them to vary it as effectively. There is no such thing as a cryptocurrency possibility out there as a fee technique for getting tickets for the subsequent week’s RSM Traditional. 

Crypto or not, the gamers could have fierce competitors on the RSM Traditional subsequent week

The Seaside Course of Sea Island Golf Membership will host the RSM Traditional from November 17 to twenty this 12 months. Final 12 months, Taylor Gooch received the occasion with a 3-shot lead. Since he joined LIV Golf, the rival league of the PGA Tour, he is not going to be a part of the sector.

Though the defending champion is not going to be current on the occasion, the competitors will likely be robust this 12 months because the purse cash has elevated from 2021. $7.2 million was the purse of the occasion final 12 months, however the area with gamers, together with Tony Finau and Zach Johnson, will likely be enjoying for an enormous $8,100,000 purse.  

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Have you ever ever bought a championship entry ticket utilizing cryptocurrency on the Tour?