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Top golfers from Africa and Europe eye lucrative Bitcoin payouts

Leading golfers from Africa and Europe have eyed lucrative Bitcoin payouts unveiled in direction of the top of the 2022 season. After a brand new sponsorship deal for South Africa’s Sunshine Tour, the payouts might be granted.

Golfers eye lucrative Bitcoin payouts

The 2022 {golfing} season will enable golfers to compete for Bitcoin payouts the place they can compete for the highest place within the Sunshine Tour competitors. Luno, one of many largest cryptocurrency platforms in South Africa, is taking the sponsorship title over the rankings.

Top golfers who qualify for the Order of Merit will now qualify for Bitcoin rewards. The prime golfer within the Luno Order of Merit will obtain 500,000 rand price of Bitcoin, equal to $31,000. The second and third place golfers will obtain 200,000 rand and 100,000 rand price of Bitcoin.

Luno may also sponsor each golfer within the Sunshine Tour with 1000 rand price of Bitcoin. The reward will encourage the golfers to discover the cellular utility of the trade. The Sunshine Tour is additionally planning to use the sponsorship to change the rankings system by transferring from a money-based system to a points-based system.

The normal supervisor for Luno in Africa, Marius Reitz, stated, “It’s significant on a couple of fronts, firstly the fact that there is Bitcoin prize money, which is a first for South Africa, and probably Africa. I think it’s the first sports sponsorship in South Africa involving a crypto company.”

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Luno’s concentrate on new markets

Luno has made a number of initiatives to rank as a trusted cryptocurrency trade platform. The trade brings new customers into the crypto house by a studying portal. The firm grew to become common in 2021 after it invested in coach Rassie Erasmus of the Rugby World Cup-winning Springbok. The deal concerned Erasmus instructing individuals how to put money into Bitcoin.

“I think it’s fantastic when a new brand comes into the space. They have a strong backing, they want to make noise, and they’ve been doing it like you’ve seen with the Rassie advert. They’ve done it well, and I’m sure they will continue with the Sunshine Tour,” stated the Commissioner of the Sunshine Tour, Thomas Abt.

Reitz stated that the crypto house was nonetheless recording a gradual consumption of recent customers due to inadequate schooling. The Luno Africa normal supervisor added that the main focus was on studying and schooling platforms whereas bringing wider audiences into cryptocurrencies.

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