Solana (SOL) news: World Series of Poker adds SOL payments for tournament buy-ins

The move marks an integration of blockchain-based payments into a major live sporting and gaming event.

The World Series of Poker (WSOP) is bringing cryptocurrency payments to its global tournament circuit by teaming up with the Solana Foundation.

The world's largest and most prestigious poker tournament series will allow players to use Solana-based payments, powered by MoonPay, to buy into tournaments with no processing fees, starting at the WSOP in Las Vegas.

Blockchain-based payments will then expand at WSOP Paradise in the Bahamas this December, where winners will have the option to receive payouts in stablecoins on Solana.

The move marks a noteworthy integration of blockchain-based payments into a major live sporting and gaming event, potentially streamlining cross-border transactions for the WSOP's international player base.

WSOP CEO Ty Stewart said this aims to modernize payments for players. "We are incredibly proud to bring such an innovative and passionate community into the fold," Stewart said. "Solana's ecosystem, like the WSOP, constantly challenges conventions and remains laser-focused on the consumer experience."