Fasig-Tipton, North America’s oldest Thoroughbred auction house, will become the first Thoroughbred auction company to accept cryptocurrency as payment for equine purchases.
The company will offer the service at its upcoming 100th Saratoga Sale of selected yearlings, scheduled for August 9 and 10 in Saratoga Springs, New York.
To facilitate the payment of horses with cryptocurrency, Fasig-Tipton has partnered with Crypto.com, the world’s fastest growing crypto app. Crypto.com Pay – the company’s cryptocurrency payment solution for merchants – provides a secure payment platform for the world’s estimated 220+ million crypto users.
Those that pay for yearlings with cryptocurrency at Saratoga will receive cryptocurrency rewards, courtesy of Swapp Protocol, the official Cryptocurrency rewards partner of the Saratoga Sale. The buyer of the most expensive horse paid for with cryptocurrency at the Saratoga Sale will receive 1 million SWAPP tokens, which are exchangeable for various fiat and cryptocurrencies.
Boyd Browning, President and Chief Executive Officer at Fasig-Tipton commented: “As Fasig-Tipton approaches its 100th Saratoga Sale, we are excited to partner with Crypto.com and Swapp to offer cryptocurrency payment and rewards services at our flagship yearling sale. Crypto.com has established itself as a flagbearer of security and privacy in the crypto world and Swapp is a forward-thinking company making innovations in the world of data security and monetization.
“Fasig-Tipton aims to be a forward-thinking member of the Thoroughbred industry and we are proud to be the first Thoroughbred auction company in the world to embrace cryptocurrency. Through these partnerships we will introduce individuals and parties that participate in the crypto space to the exhilarating world of horse racing for the very first time, and growing our sport is a priority of the utmost importance at Fasig-Tipton.”
Kris Marszalek, Co-Founder and CEO of Crypto.com said, “We feel very fortunate to have the support of Fasig-Tipton, one of the oldest and most respected brands in the horse auction industry. Our mission is to accelerate the world’s transition to cryptocurrency, and we are excited to play a part in pioneering payment innovations in a century-old industry. Together with Fasig-Tipton, we have just taken a major step forward towards reaching our goal.
Tural Bayev, Founder and CEO of Swapp commented: ”Swapp is proud to be a part of the Saratoga Sale, which will bring together champions of the horse racing world with the future champions of data security and monetization. We at Swapp believe the road to mass adoption and inclusiveness in the crypto space starts with education, privacy and safety. Swapp is gaining mass adoption by displacing the bloated middlemen who are currently profiting off of your data and giving it back to the people.”
Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.
Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.
Swapp Protocol is a revolutionary blockchain-based DeFi platform leading a movement to democratize the $1.2 trillion/year data industry by enabling consumers to start getting paid for their online data.
At the core of the Swapp business model is the smartphone app built for iOS and Android. The app enables users to, “install, authenticate and earn”, which allows 100 percent of the data monetization profits to flow back to the users.
Join the movement as Swapp levels the playing field of retail data by empowering consumers to truly “own” their data and enhance user privacy. As the AdTech industry shifts into a cookieless world, Swapp plays a pivotal role in providing the solution. Finally, the consumer will start being compensated for the data they are unknowingly giving away.
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