Fasig-Tipton has partnered with Crypto.com, a cryptocurrency company with the world's fastest-growing crypto app, and Swapp Protocol, a blockchain-based DeFi platform, to offer cryptocurrency payment and rewards services at the upcoming Saratoga Sale. Fasig-Tipton's select yearling sale, to be held Aug. 9-10, will be the first Thoroughbred auction to accept cryptocurrency as payment for equine purchases.
Buyers who use cryptocurrency at Saratoga will receive cryptocurrency rewards with the buyer of the most expensive horse–paid with cryptocurrency–receiving one million SWAPP tokens, which are exchangeable for various fiat and cryptocurrencies.
“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,” said Fasig-Tipton President and CEO Boyd Browning. “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.”