The upcoming Showdown golf tournament just got a whole lot more interesting! Crypto.com, a leading cryptocurrency platform, has stepped up to title sponsor the event, which features golfing giants Brooks Koepka, Bryson DeChambeau, Scottie Scheffler, and Rory McIlroy. But what exactly does Crypto.com do, and why is it making waves in the golfing world? As it turns out, Crypto.com is essentially a one-stop shop for all things cryptocurrency. Founded in 2016, the platform offers a range of services, including cryptocurrency trading, digital wallets, DeFi staking, and even an NFT marketplace.

With over 100 million users globally and support for over 350 cryptocurrencies, Crypto.com is one of the most popular and diverse cryptocurrency exchanges out there. Its whopping $13 billion valuation is a testament to its success in the digital finance space. Now, Crypto.com is taking its commitment to innovation to the next level by making history as the title sponsor of The Showdown. By paying the entire prize purse in cryptocurrency, Crypto.com is not only making a bold statement but also underscoring its mission to accelerate the world’s transition to cryptocurrency.

As Bryson DeChambeau puts it, “It is beyond exciting to have Crypto.com on board to provide a true first with a cryptocurrency-based prize purse.” With Crypto.com’s mission to accelerate the world’s transition to cryptocurrency, this partnership is undoubtedly a game-changer for the world of golf. The numbers are staggering – Crypto.com is reportedly paying between $8-10 million for the sponsorship, and the prize purse will be paid entirely in cryptocurrency.

This will be the first time a multimillion-dollar purse will be paid in cryptocurrency for a golf tournament, and it’s clear that this partnership is a historic moment for the sport.

Crypto in sports is a growing trend

You might’ve heard the buzz around “The Showdown,” a golf exhibition where $10 million in prize money is on the line – and it’s all being paid out in cryptocurrency! The title sponsor Crypto.com is breaking new ground by paying the purse in CRO cryptocurrency, making this the first major golf tournament to do so. But here’s the thing: crypto in sports isn’t exactly new. It’s been slowly gaining traction over the years, with various athletes and teams exploring the possibilities of cryptocurrency payments. And now, with Crypto.com leading the charge, it’s clear that crypto is becoming an increasingly important part of the sports landscape.

Remember Russell Okung, the former NFL lineman who tweeted “Pay me in Bitcoin” back in 2019? He actually made it happen, converting half of his $13 million salary into Bitcoin. Talk about a savvy investment! The value of Bitcoin has skyrocketed since then, and Okung’s now basking in the glory of his “victory lap.” He’s even launched Bitball, a sports venture that pays athletes in Bitcoin. As crypto becomes more mainstream in the sports world, it’s clear this trend is here to stay. With Crypto.com and other innovators leading the way, we can expect to see even more exciting developments in the world of crypto and sports.