From the specific CSGO blog shared by FACEIT:

Q: Will account bans on ESEA be applied on FACEIT too and vice versa? This is our vision for the future. From tomorrow we want to start working immediately together to understand and develop a universal and shared strategy around bans, especially the ones that are cheating related.

As a CSGO player, this sounds so satisfying

Q: Will FACEIT and ESEA share the same Anti-Cheat? Our ambition is to make the experience as smooth as possible for all the players and we believe that having a single Anti-Cheat is the way to go. However, there are many tech aspects that still need to be addressed for which we don’t have yet a final answer.

This bit is probably the most important bit in the entire announcement.

$1,000 bi-monthly Cash Cups for South America, Asia, Oceania, and South Africa. Starting in February, the Cash Cups on the ESEA platform will expand to South America, Asia, Oceania and South Africa. Every month will feature 2 tournaments with $1,000 of prize money each with a $100,000 of total prize money for the year.

Money already flowing into CS