SPORTS
Meet Crypto. com: The Cryptocurrency Platform Shaking Up Golf
White Sulphur Springs, USATue Dec 17 2024
Ever wondered what Crypto. com is all about? It's a big deal in the cryptocurrency world, with over 100 million users and support for over 350 different cryptocurrencies. Founded in 2016, Crypto. com offers a bunch of services like trading cryptocurrencies, digital wallets, and even an NFT marketplace. Now, they're making headlines by sponsoring a big golf tournament called The Showdown.
This tournament features top golfers like Brooks Koepka and Rory McIlroy. What's unique about this sponsorship? Crypto. com is paying the entire prize purse in cryptocurrency! That's pretty cool, right? Imagine winning a tournament and getting paid in digital currency.
Crypto. com's goal is to make cryptocurrency more common. They believe it can be used in everyday life, including sports. Bryson DeChambeau, one of the golfers, thinks this is "beyond exciting. " He's right – this is a big step for cryptocurrency in the sports world.
You might think this is a new trend, but crypto has been in sports for a while. Athletes and teams have been exploring cryptocurrency payments. For example, former NFL player Russell Okung converted half of his salary into Bitcoin. That was a smart move, as Bitcoin's value has gone up a lot since then.
With Crypto. com leading the way, we can expect more sports events to start using cryptocurrency. It's becoming a part of the sports landscape, and who knows what exciting developments are on the horizon?
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questions
If the prize purse is paid in cryptocurrency, will the golfers need to 'iron' out any technical issues with their wallets?
If golfers start getting paid in cryptocurrency, will they need to learn to 'putt' their crypto wallets too?
How does Crypto.com's valuation compare to other cryptocurrency exchanges in the market?