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 Previous Course in St. Andrews hosted the a hundred and fiftieth Open Championship on these identical 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, said about it. The Tour and its occasion wished to change into a part of the brand new world by including cryptocurrency as a fee methodology. 

“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 house.” 

Cryptocurrency is just not a fee choice for the upcoming PGA Tour occasion

In November 2021, the value of the most well-liked cryptocurrency, bitcoin, reached $69,000, its record worth. Quickly after, all of the organizations and other people worldwide wished to take a position or purchase the identical. Equally, the American Tour for skilled golfers wished to be part of it too. 

A 12 months earlier than, cryptocurrency was the speak of town; so is now. Whereas the previous dialogue was about the way to make investments extra in it, the individuals are presently 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 worth dropped under $16,000 this month, a 12 months after it reached its document worth. 

Notably, the Tour officers wished to make cryptocurrency a fee methodology for all its occasions. Nevertheless, the market fall led them to vary it as properly. There isn’t any cryptocurrency choice accessible as a fee method for getting tickets for the subsequent week’s RSM Basic. 

Crypto or not, the gamers may have fierce competitors on the RSM Basic subsequent week

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

Though the defending champion won’t 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 taking part in 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?