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 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, said about it. The Tour and its occasion wished to change into a part of the brand new world by including cryptocurrency as a cost 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 house.” 

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

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

A yr earlier than, cryptocurrency was the discuss of town; so is now. Whereas the previous dialogue was about tips on how 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 yr after it reached its file worth. 

Notably, the Tour officers wished to make cryptocurrency a cost technique for all its occasions. Nonetheless, the market fall led them to alter it as effectively. There isn’t any cryptocurrency possibility obtainable as a cost method for purchasing tickets for the following week’s RSM Traditional. 

Crypto or not, the gamers can 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 yr. Final yr, Taylor Gooch won 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 sphere.

Though the defending champion is not going to be current on the occasion, the competitors might be powerful this yr because the purse cash has elevated from 2021. $7.2 million was the purse of the occasion final yr, however the subject with gamers, together with Tony Finau and Zach Johnson, might 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?