Solana news: Solana Partners with World Series of Poker to Enable Crypto Entry Fees and Payouts
Solana and World Series of Poker Collaboration
The Solana Foundation has announced a partnership with the World Series of Poker (WSOP), enabling players to pay entry fees and receive tournament payouts using cryptocurrency. This initiative will use MoonPay's payment infrastructure, allowing for zero processing fees when using Solana (SOL) or Solana-based stablecoins.
Crypto Payments for Poker Events
Starting in December, stablecoin payouts will be available at the WSOP Paradise event in the Bahamas. Players can buy into events with crypto, and receive winnings in stablecoins, streamlining the payment process and offering instant transactions.
Benefits for International Players
The collaboration aims to provide faster, borderless payments, making it easier for international players to participate. The use of Solana's blockchain ensures low fees and rapid settlement, addressing common pain points in traditional payment systems.
UK Relevance: Growing Crypto Adoption in Gaming
While the WSOP is a global event, this partnership highlights the increasing adoption of blockchain technology in gaming and payments. For UK players and operators, it demonstrates the potential for Solana-based solutions to modernise payment processes, reduce costs, and increase accessibility in regulated gaming environments.
Future Developments
- Solana will be the official presenting sponsor of the 2026 WSOP and WSOP Paradise.
- Branding will be visible across broadcasts and events.
- Plans are in place to develop on-chain poker products in the future.
This partnership is expected to drive further adoption of crypto payments in the gaming sector and could influence similar initiatives in the UK and beyond.
