World Series of Poker to Accept Solana for Tournament Buy-Ins
Summary
- The World Series of Poker (WSOP), the world’s largest poker tournament, said it will introduce a Solana (SOL)-based cryptocurrency payment system.
- WSOP said participants will be able to pay tournament buy-ins through a Solana-based payment system without additional fees.
- WSOP said it will give tournament winners the option to receive prize money in a Solana-based stablecoin.
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The World Series of Poker, the world’s largest poker tournament, will introduce a Solana-based cryptocurrency payment system.
CoinDesk reported on June 10 that WSOP announced the blockchain-based payment system in partnership with the Solana Foundation. Payments will be supported through MoonPay.
Participants will be able to pay tournament buy-ins through the Solana-based payment system without additional fees. CoinDesk called the move a notable example of blockchain payments being adopted at a major in-person sports and gaming event.
The new payment system will be used for the first time at this year’s tournament in Las Vegas. WSOP will also apply the system to its tournament in the Bahamas in December. The company will also offer winners the option to receive prize money in a Solana-based stablecoin.
Ty Stewart, WSOP’s chief executive officer, said the move is intended to modernize the payment experience for participants. He added that the Solana ecosystem, like WSOP, challenges established practices and focuses on consumer experience.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
