UFC fighters will get their bonus pay by Bitcoin

[rhomelmabini]

They need someone to really teach the athletes to learn the benefits of BTC or just give them the option to receive stabecoin instead. Otherwise the athletes will blame crypto.com if the value of the BTC goes down. Having the stablecoin, they will still have the chance to trade it to BTC when they change their minds. I believe the crypto.com will pay them thru the crypto.com app, right?

I do not really see the benefits those athletes could receive by using stable coins, in that case they might as well just get their fiat and use it wherever they want.

However getting bitcoin could be an option for them, but if they do not know anything about it then they need to be instructed about the advantages and disadvantages of having an investment in bitcoin, that way they can take an informed decision and decide if they want to keep or even increase their bitcoin holdings or if they prefer to sell for fiat.

If they agreed in the first place I assume these athletes must know the basics on how to use crypto or how does it work. Stablecoins or not I think there will still be benefits on it since it will drive adoption to cryptocurrencies. They need not to be knowledgeable in the first place, they need to show they don't know about it or else it will just create issues especially those who loves to whine.

[Quidat]

They need someone to really teach the athletes to learn the benefits of BTC or just give them the option to receive stabecoin instead. Otherwise the athletes will blame crypto.com if the value of the BTC goes down. Having the stablecoin, they will still have the chance to trade it to BTC when they change their minds. I believe the crypto.com will pay them thru the crypto.com app, right?

I think athletes are not stupid, they must know the volatility of bitcoin price...

I support crypto.com's bold move because it will encourage stronger adoption, UFC is one of the most popular sports, by giving bonuses in the form of bitcoins to athletes, it can help them also invest in Bitcoin.

Yeah, they arent dumb even though there are some which is zero knowledge but its not really that complicated for them to understand on what Bitcoin is plus
having those bonuses in form of Bitcoin is something that is interesting.Who doesnt really love bonus? Doesnt matter on what would be the form of it
as long it would be having monetary value then it would surely be pleasing and interesting.

Definitely, the ones who will receive it will be briefed about it. Crypto.com is the sponsor so there's no surprise that they will give a bonus in terms of crypto. And more than likely, it will be thru their app. They won't give such bonus without any intro or explanation at all. And as crypto is getting good interest among athletes, they will also do their homework how to deal with crypto. They can always convert it to stablecoin if they want to, to prevent volatility issues.

Crypto.com might really give out some ideas on what they are giving in case that athletes arent aware of it but it is something impossible that they wont really be aware about it but if they do then it would really be just common sense for them to make out some research.

After receiving the coin then its up to someone whether he would directly convert it to stablecoins or direct conversions to fiat after recieving so its up to them.
Some might really get interested with it and some wouldnt really care and do really mind off about on having fiat.

[eaLiTy]

~
well, they paid a ton of money just to change the name of that historical place. means the one handling it needs money. because if not, they won't be open for the change of name in exchange of money. but anyway, crypto.com seems to have a lot of money these days, they are very aggressive in terms of marketing and promotion of their name. which means, they may be are doing very good with the business.

This is a fact, crypto.com seems to have a lot of funds as reserves because they are sponsoring everyone left and right. They even secured the sponsorship of the upcoming Football World cup if i am not mistaken and making waves in major sporting events.

Yet i am not a big fan for paying the fighters bonus pay in cryptocurrencies even though they can convert them instantly. They should give the choice to the winners whether they want to get them as crypto or straight fiat rather than forcing them.

[STT]

Sometimes advertising is highly productive to new business and highly justified, I cant tell if thats the case but its a very simple name for a site surely it gets clicks just for that.

Nobody is forcing player to accept any bonus, they can just fully refuse to accept the free crypto.   What a pointless protest that would be, its very relevant and sponsors will always encourage their players and team to actually engage with the product.   Its their right to do so just as the players have the right to garner their own sponsors depending on their contract clauses I guess but I cant think of them as hard done by especially tbh.

[jostorres]

They need someone to really teach the athletes to learn the benefits of BTC or just give them the option to receive stabecoin instead. Otherwise the athletes will blame crypto.com if the value of the BTC goes down.

They may already know what bitcoin is. Am not sure there is anyone in sports who does not know. This athletes you think are unaware may even be holding bitcoin already if you do not know. I often see bill boards and posters of bitcoin adverts in sports centres and stadiums. Am in support of this as it will help advertise bitcoin and cryptocurrency more.

Such scenario won't happen with the athletes, when common people are aware about bitcoin surely the sportsmen will be aware of bitcoin. These days it is quite common to see cryptocurrency ads on different matches. Crypto.com is more popular in sponsoring different events. Already many sports person would've invested in bitcoin and now this will ease them to hodl.

Sportsmen or athletes are also a human so yes they are aware if what is happening around them even if we say that they are kinda busy on what they are doing. Crypto.com is expert when in comes to these matter (sponsoring athletes) but I wonder why they are still not popular as binance? but we can't deny that binance are also actively promoting their brand online.

@bittraffic crypto.com is sponsoring them so I believe that the team of crypto.com are also the one that teaches these guys if what is bitcoin and on how to use it but I like your idea of having other options other than bitcoin. We can't forced someone who doesn't have an interest in bitcoin.

[molsewid]

Sportsmen or athletes are also a human so yes they are aware if what is happening around them even if we say that they are kinda busy on what they are doing. Crypto.com is expert when in comes to these matter (sponsoring athletes) but I wonder why they are still not popular as binance? but we can't deny that binance are also actively promoting their brand online.

@bittraffic crypto.com is sponsoring them so I believe that the team of crypto.com are also the one that teaches these guys if what is bitcoin and on how to use it but I like your idea of having other options other than bitcoin. We can't forced someone who doesn't have an interest in bitcoin.

Its unbelievable if athletes don't have any idea about cryptocurrency because I believe a lot of popular athletes are now into cryptocurrency. Also, it has been circulating all over the internet for how many years now and with that being said I am so much positive that these athletes which are also have the capability to have a legit source of information so it's not unbelievable that they don't know about crypto. Its so nice to hear this kind of news like bittraffic crypto.com is sponsoring them.

[robelneo]

5 Digits in BTC every event not their CRO. This adds the motivation to win.

After crypto.com has sponsored their shirts for months, none of these MMA fighters are unaware of cryptocurrency. they'd be glad to consider the BTC as investment. The bonus will make these MMA athletes strive hard to show to win the performance of the night.  

It's a double win for them it's not only a convertible to cash but a potential to make a profit, now we will see fighters highly motivated not only for prestige and reputation but also to make additional money coming from the bonus, maybe in the future we will see many sports organizations doing the same for their athletes.

[Ararbermas]

They need someone to really teach the athletes to learn the benefits of BTC or just give them the option to receive stabecoin instead. Otherwise the athletes will blame crypto.com if the value of the BTC goes down.

i agree, but i think they already aware in such way of distribution of bonuses and surely it's expected since its a crypto based platform.And perhaps they all knows what bitcoin is as well because indeed it's very popular all over the world.
and lastly most athletes has a manager so it's their consideration how to handle it and no need to blame crypto.com if whatever happens in it.

[madnessteat]

They need someone to really teach the athletes to learn the benefits of BTC or just give them the option to receive stabecoin instead. Otherwise the athletes will blame crypto.com if the value of the BTC goes down. Having the stablecoin, they will still have the chance to trade it to BTC when they change their minds.

Many athletes earn very decent money and in their lives have long been using technology that the average worker can't afford yet. I don't think they are unfamiliar with BTC or other investment tools. Nowadays even a kid can understand how a crypto wallet or centralized exchange works, so I don't think they have any problems with exchanging or storing BTC.

[KTChampions]

This is a fact, crypto.com seems to have a lot of funds as reserves because they are sponsoring everyone left and right. They even secured the sponsorship of the upcoming Football World cup if i am not mistaken and making waves in major sporting events.

Yet i am not a big fan for paying the fighters bonus pay in cryptocurrencies even though they can convert them instantly. They should give the choice to the winners whether they want to get them as crypto or straight fiat rather than forcing them.

It is unlikely that someone forces them, and in fact, until we see specific transactions, we will not know how the funds were paid out. As for the amount of funds, it is obvious that even if they use the most aggressive marketing strategy and spend everything they have on advertising, they have a good margin of safety because the organizers of the World Cup are serious about choosing sponsors.

[Viscore]

Since it's just a "bonus", I don't think there's much to complain about it. Converting it to fiat if needed shouldn't pose that huge of a problem for them imo, and I don't think they have to worry about it's value if they were to convert it to fiat immediately. Maybe have some of their managers handle that issue, ask the athletes what they really want and then let the managers handle the specific details themselves. As for being happy or not, well, it is a bonus, pretty sure most of them would be happy whether it was in cryptocurrency or not.

The managers will surely educate their athletes first how bitcoin works so that they will have an idea whether to keep it as an investment or just convert it into fiat once they need the cash. This is one good way to spread awareness about bitcoin and crypto.com has made its perfect choice to start it with the international fighters as it brings fast adoption for bitcoin and cryptocurrency. Yes, its just a bonus but its value is definitely worth to keep.

[Sirait]

cut

The managers will surely educate their athletes first how bitcoin works so that they will have an idea whether to keep it as an investment or just convert it into fiat once they need the cash. This is one good way to spread awareness about bitcoin and crypto.com has made its perfect choice to start it with the international fighters as it brings fast adoption for bitcoin and cryptocurrency. Yes, its just a bonus but its value is definitely worth to keep.

I'm sure the managers of the fighters must have taught their fighters about the benefits they will get in the future if they get a bonus in the form of bitcoin from crypto.com, this is great marketing from crypto.com and is sure to make the push for mass adoption even stronger. maybe in the future there will be many fighters who will only receive their salaries or rewards in the form of bitcoins.

[chaser15]

Wow this crypto company never fails to impress us.

Because that's their line of business. They slowly interact with sports and I'm sure part of their roadmap will be interacting too on other industries.

I'm just sad that they changed the name of the classic and famous Staples Center into their company name. Not a big deal for others but that stadium resides the Los Angeles teams that are already part of the large and deep history of sports.

Back to the topic about UFC, it's a good initiative that BTC is being introduced as a form of salary/bonus here. Expect the same event in other sports as well in the near future.

well, they paid a ton of money just to change the name of that historical place. means the one handling it needs money. because if not, they won't be open for the change of name in exchange of money. but anyway, crypto.com seems to have a lot of money these days, they are very aggressive in terms of marketing and promotion of their name. which means, they may be are doing very good with the business.

I don't know what the process did but to name the famous Staples Center to their company name, really requires lots of consideration. There are even players who did some feedback about that. Maybe it's possible not to change the name out of respect but the company, crypto.com, really wants a big change and for sure they have listened to some advice first before doing it.

Not just in basketball, UFC, football, etc. but crypto.com is already engaged in other sports and I think as time passes by, the progress will be turned into a big one. There are surely lots of developments that being lineup.

[acroman08]

I wonder how are they gonna do the "fan votes" and I wonder what are their precautions to prevent any attempts of cheating on fan voting. anyway, kudos to crypto.com for doing this. I know this is part of their marketing but by doing this cryptocurrency is also getting exposure to more people who might not know anything about it.

[ipanks]

I'm not sure if all athletes have received information about crypto properly and correctly. If so, there is a possibility that the athletes will be happy to receive bonuses in the form of crypto because they don't have to buy crypto anymore beyond the fees they will incur every month.

If they haven't, I don't think they would be happy to receive a bonus in crypto. Maybe before this is implemented for all athletes, it needs to be socialized first so that no misunderstandings can occur.

[Tumanggor]

I'm not sure if all athletes have received information about crypto properly and correctly. If so, there is a possibility that the athletes will be happy to receive bonuses in the form of crypto because they don't have to buy crypto anymore beyond the fees they will incur every month.

If they haven't, I don't think they would be happy to receive a bonus in crypto. Maybe before this is implemented for all athletes, it needs to be socialized first so that no misunderstandings can occur.

surely they (the fighters) were given an explanation of what bitcoin is, its function and also how to exchange it by the team from crypto.com, besides that now information about bitcoin and altcoins can be obtained easily via the internet, as long as there is an intention from that fighter

Basically, the benefits received by the fighters are far greater than the losses (price drop) that are likely to be received

[romero121]

I wonder how are they gonna do the "fan votes" and I wonder what are their precautions to prevent any attempts of cheating on fan voting. anyway, kudos to crypto.com for doing this. I know this is part of their marketing but by doing this cryptocurrency is also getting exposure to more people who might not know anything about it.

They'll have some plan to execute. Allowing the fans to cast their votes is not a big deal. Crypto.com have got the best team for innovative development as well as for futuristic marketing plans. More the exposure given to the market, more will be the growth. Because the market is being developed in such a way and driven forward by the instructions/individuals holding good volume of cryptocurrencies.

[harizen]

I'm not sure if all athletes have received information about crypto properly and correctly. If so, there is a possibility that the athletes will be happy to receive bonuses in the form of crypto because they don't have to buy crypto anymore beyond the fees they will incur every month.

If they haven't, I don't think they would be happy to receive a bonus in crypto. Maybe before this is implemented for all athletes, it needs to be socialized first so that no misunderstandings can occur.

Is that even a problem?

It should be obvious that these fighters, athletes, and so on will adopt the idea of using bitcoin in the long run. For let's say few of them really don't have any idea about crypto in general, it's impossible to think that they won't try to learn about it.

That's not really a big concern to start with. There will be no misunderstanding that will happen. It's not that we are talking about their main salary/checks here. It's just their bonus and learning new things should be easy on them.

[Mahanton]

I'm not sure if all athletes have received information about crypto properly and correctly. If so, there is a possibility that the athletes will be happy to receive bonuses in the form of crypto because they don't have to buy crypto anymore beyond the fees they will incur every month.

If they haven't, I don't think they would be happy to receive a bonus in crypto. Maybe before this is implemented for all athletes, it needs to be socialized first so that no misunderstandings can occur.

Is that even a problem?

It should be obvious that these fighters, athletes, and so on will adopt the idea of using bitcoin in the long run. For let's say few of them really don't have any idea about crypto in general, it's impossible to think that they won't try to learn about it.

That's not really a big concern to start with. There will be no misunderstanding that will happen. It's not that we are talking about their main salary/checks here. It's just their bonus and learning new things should be easy on them.

For sure there would really be curiosity once they do recieve those bonuses which is something a common sense to be done.They do focus on making on top rankings and those bonuses are just purely an add up.
They do recieve or not then it wont matter but its a good initiative from a company to have this kind of giving bonuses at the same time it do really add up some exposure to Bitcoin.
Wont be surprised if other companies would really be doing other things similar to this which is really that preferable.

[batang_bitcoin]

Before it was also crypto.com that is said to sponsor the FIFA and now there are at it again.

It was a bid and they've lost that bid to sponsor FIFA. They didn't win that sponsorship and it was awarded to another company which is from India. Well, if they've won that sponsorship, it's huge money for them to cover that and that will surely add more users to them.

Wow this crypto company never fails to impress us.

They'll do it as part of their marketing and maybe in the future they'll integrate and work as a third party payment system just like bitpay or they already have that feature?