UFC fighters will get their bonus pay by Bitcoin

[cabron]

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.

Maybe the rest of the crypto companies will follow when they sponsor some events. If only crypto.com has sportsbetting platform as well, these MMA fighters may also enjoy betting and will not even try to cashout the bonuses they gave.

Its not a problem if they receive cryptocurrency without prior knowledge about it, there are tons of information online. Besides its just a bonus, Petr Yan probably did not expect to get a bonus.

[ipanks]

snip

Hopefully, because we know that there are still many ordinary people who don't know about bitcoin or crypto, that makes many of them not want to know about it. If they have got a general explanation about bitcoin, how to use it, and what bitcoin is used for, they may be interested and agree to receive a bonus in the form of bitcoin.

snip

Oh, that's not a problem as long as there is an explanation of how to use bitcoin. But if fighters and athletes are only told that their bonuses will be sent in bitcoins, I don't think many of them will agree. Well, hopefully, they can and will learn it as you say.

[Dunamisx]

Maybe the rest of the crypto companies will follow when they sponsor some events. If only crypto.com has sportsbetting platform as well, these MMA fighters may also enjoy betting and will not even try to cashout the bonuses they gave.

I've seen something like thks as well, in a situation whereby NFT was distributed to players as incentives and what am looking out for is the time when most of the football activities will be fully sponsored by crypto industries and i see to this as a development and a first step to achieving it, UFC has given a trial, infact players can now place a demand on their weekly pay to be on bitcoin, because the players will soon be experiencing challenges with their commercial fiat banks on their funds.

[TopTort777]

Could this be the way to sneak from taxes? This could be good for both, crypto.com and fighters. If a fighters get a new car as a bonus, does he obliged to pay taxes for that? With crypto and anonymity, it is like a sweet candy to get a bonus like that. Who would check how much a fighter got and prove that address belongs to him. And if they get an NFT, that is even better. Who knows what value it had on a specific date. You can only check min, max and average price.

[coin-investor]

The standard for every fight will be high from now on because of this reward, and we have seen it in the recent UFC events, fighters should be educated on the potential of Bitcoin and how the price will zoom up because of its deflationary nature, so they will be inspired to win to get that Bitcoin bonus if other organizations see how motivated the athletes if they get Bitcoin as a bonus they will follow UFC and Crypto.com leads.

The time will come when NBA and boxing organizations will also adopt Bitcoin and other Cryptocurrency or even players request that their bonus or part of their salary should be in Cryptocurrency, the future is bright for Cryptocurrency in the world of sports.

[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.

Maybe the rest of the crypto companies will follow when they sponsor some events. If only crypto.com has sportsbetting platform as well, these MMA fighters may also enjoy betting and will not even try to cashout the bonuses they gave.

Its not a problem if they receive cryptocurrency without prior knowledge about it, there are tons of information online. Besides its just a bonus, Petr Yan probably did not expect to get a bonus.

For someone who doesnt have that knowledge then it would be understandable that they would really making out some research next and its true that if crypto.com is a multi functional type of company
then it would be an advantage but  it seems they do really just tend to stick out on what type or kind of company they would be and never intent to touch up other industry.
So lets just accept on what they do decide but currently on what theyve doing in terms of sponsorship and other crypto based related acts is really appreciable.

[Wakate]

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.

Is only a new born baby that will say he or she does know or have never heard of crypto before. Athletes are more conversant with the crypto world and how it works cause the have the information and the resources to get things done to their pleasure. Crypto.com had been working their way out to the public so more people can adoption cryptocurrency easily   based on their sponsorships and partnerships.

The bonuses are huge but might not be compared to what fighters are earning, although its a good start that will aids more adoption of Bitcoin and crypto currency at large.

[Tumanggor]

snip

Hopefully, because we know that there are still many ordinary people who don't know about bitcoin or crypto, that makes many of them not want to know about it. If they have got a general explanation about bitcoin, how to use it, and what bitcoin is used for, they may be interested and agree to receive a bonus in the form of bitcoin.

Just see with our experience, do you know bitcoin because of learning or indeed the intention/urge to understand Bitcoin!

Bitcoin is an asset that will be very interesting and profitable in the future, if athletes refuse to understand more about Bitcoin then I say they are stupid

[livingfree]

Bitcoin is an asset that will be very interesting and profitable in the future, if athletes refuse to understand more about Bitcoin then I say they are stupid

No, they are not.

Just because there could be a few of them that refuses to get paid or getting a bonus with bitcoin. I don't think that you should call them as that just because they don't understand it yet.

It's okay to refuse and I've told people about bitcoin and refused me for so many times but I didn't got that feeling of describing them like that.

[Quidat]

Bitcoin is an asset that will be very interesting and profitable in the future, if athletes refuse to understand more about Bitcoin then I say they are stupid

No, they are not.

Just because there could be a few of them that refuses to get paid or getting a bonus with bitcoin. I don't think that you should call them as that just because they don't understand it yet.

It's okay to refuse and I've told people about bitcoin and refused me for so many times but I didn't got that feeling of describing them like that.

Kind of harsh eh? We are not all-knowing type of being on which there would really be athletes who do really dont know on something which it is really just normal that they'd likely to refuse because
they dont know on what they are dealing with and would simply stick out with fiat which they have been get used to which is something not surprising. Neither they would be accepting or not and
if they are the ones who are entitled to get those bonuses then they would really be having no choice but to accept it since they do deserve it and the rest of learning would be done later.

[Lucasgabd]

<...>
Is only a new born baby that will say he or she does know or have never heard of crypto before. Athletes are more conversant with the crypto world and how it works cause the have the information and the resources to get things done to their pleasure. Crypto.com had been working their way out to the public so more people can adoption cryptocurrency easily   based on their sponsorships and partnerships.

The bonuses are huge but might not be compared to what fighters are earning, although its a good start that will aids more adoption of Bitcoin and crypto currency at large.

yes, I think we'll see this kind of thing happening more and more on the sports world,
quite nice!

it's impressive that we are still at such a low adoption of crypto... but won't take long at this growth rate...

[7788bitcoin]

~
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.

That was a bummer, i thought Crypto already won the sponsorship for the upcoming World Cup and i thought the articles that i read was claiming that and now a learning app won the sponsorship bid.

Crypto is giving the fighters a special bonus than the fight of the night or performance of the night handed out by the UFC every event. Initially i thought they are giving that bonus in crypto and only after UFC 273 it was clear that it was a special bonus.

[ipanks]

snip

Yes, if they refuse to accept their bonus in bitcoins, they will miss the big chance to make a profit in the future. Hopefully, they can open their minds and be able to accept something new. Or they could just read articles about bitcoin, how to use it, and what bitcoin benefits them. They should realize that the bitcoins they get are not because they bought them from the market but because it is a bonus from their work.

[molsewid]

Yes, if they refuse to accept their bonus in bitcoins, they will miss the big chance to make a profit in the future. Hopefully, they can open their minds and be able to accept something new. Or they could just read articles about bitcoin, how to use it, and what bitcoin benefits them. They should realize that the bitcoins they get are not because they bought them from the market but because it is a bonus from their work.

Everyone today know the value of bitcoin and I believe even athletes or UFC fighters are more aware about this digital currency and if they would going to refuse to accept bitcoin as a bonus pay they probably miss a big chance to earn a great profit out of it. I mean, imagine you received a bitcoin pay bonus and if you choose to hold it and sell it to the high value then it's an easy money. Its good to know that this kind of bonus pay existed because its a positive indication that bitcoin or cryptocurrency were fully optimized.

[Rufsilf]

This is a good development and we expect good fights from now on because

Bitcoin bonuses will be awarded to the three standout athletes at each UFC pay-per-view event as voted for by fans across the world.

Crypto.com will be the one to pay the bonus and this will enhance the usage of Bitcoin of course awareness comes to it looking forward to other organizations using Crypto.com services to reward or pay their athletes and officials.

It is an amazing development in crypto, however, this never makes it helps to see good fights. Indeed, the fights we saw are good already. But what we expect is to gain more attraction and crypto exposure which eventually helps increase demand and users.

Do you think the majority of athletes not only from UFC will be happy to accept their bonus by Bitcoin?

That was uncertain. Many were still no-how about Bitcoin, they will, of course, don't accept that.
I'd looked forward to having this being fully adopted in sports, not just in bonus but their salary.

[Taskford]

Yes, if they refuse to accept their bonus in bitcoins, they will miss the big chance to make a profit in the future. Hopefully, they can open their minds and be able to accept something new. Or they could just read articles about bitcoin, how to use it, and what bitcoin benefits them. They should realize that the bitcoins they get are not because they bought them from the market but because it is a bonus from their work.

Everyone today know the value of bitcoin and I believe even athletes or UFC fighters are more aware about this digital currency and if they would going to refuse to accept bitcoin as a bonus pay they probably miss a big chance to earn a great profit out of it. I mean, imagine you received a bitcoin pay bonus and if you choose to hold it and sell it to the high value then it's an easy money. Its good to know that this kind of bonus pay existed because its a positive indication that bitcoin or cryptocurrency were fully optimized.

For now I don't see them hold their bonus given to them especially if they don't know on what they are accepting and how to handle their balances in terms of market volatility maybe they will dump it and convert their compensation into fiat. But this is still good since we all know how wide bitcoin reach and most provably if bitcoin will be more advertise in good means those people who receive bitcoin on their jobs will use this on good things on crypto space.

[swogerino]

Crypto.com looks like it has clear objectives to make its name synonymous to many sports,they first started with F1 by sponsoring there,then they just announced not long ago that they will be sponsors of the World Cup,now they will be sponsoring UFC fighters,it is great to see such a big involvement in different sports from one entity like Crypto.com which is good for Bitcoin.May be the impact will not be immediate but after the banner of Crypto.com will be seen often in TV for their sponsorship's this will only be beneficial to Bitcoin and crypto over the long run.

[savetheFORUM]

Maybe the rest of the crypto companies will follow when they sponsor some events. If only crypto.com has sportsbetting platform as well, these MMA fighters may also enjoy betting and will not even try to cashout the bonuses they gave.

Its not a problem if they receive cryptocurrency without prior knowledge about it, there are tons of information online. Besides its just a bonus, Petr Yan probably did not expect to get a bonus.

If we visit the website of crypto.com we will see that they have different products and services offered, why can't they add a sportsbet or a casino on top of that? That will be a good idea since they are sponsoring different events. It will be easier for them to gather players. For now they don't have it but those fighters that receive their coins can still do trading on crypto.com, if not then they can also use crypto.com's wallet.

It is surely safe not only because of its reputation but also because users can hold their private keys with them. Fighters are smart guys, we shall not worry because they can easily learn it if they haven't yet.

[livingfree]

Bitcoin is an asset that will be very interesting and profitable in the future, if athletes refuse to understand more about Bitcoin then I say they are stupid

No, they are not.

Just because there could be a few of them that refuses to get paid or getting a bonus with bitcoin. I don't think that you should call them as that just because they don't understand it yet.

It's okay to refuse and I've told people about bitcoin and refused me for so many times but I didn't got that feeling of describing them like that.

Kind of harsh eh? We are not all-knowing type of being on which there would really be athletes who do really dont know on something which it is really just normal that they'd likely to refuse because
they dont know on what they are dealing with and would simply stick out with fiat which they have been get used to which is something not surprising. Neither they would be accepting or not and
if they are the ones who are entitled to get those bonuses then they would really be having no choice but to accept it since they do deserve it and the rest of learning would be done later.

Yes.

If it's a forceful payment of bonus in bitcoin then there's no way for them to refuse it. The matter is that if an athlete refuses it because he or she don't understand it.

They're becoming honest with their setup and it should be respected. But I guess majority of them have heard about bitcoin and they are for sure going to accept it but, to those that refuses it, that's okay but don't have that negative description for them.

[Ararbermas]

Bitcoin is an asset that will be very interesting and profitable in the future, if athletes refuse to understand more about Bitcoin then I say they are stupid

How? I don't think so..

Indeed without bitcoin they can make more money with that sports only, And i don't think they will become holders afterward because surely they don't have such mindset and interest when it comes to bitcoin investment.  I mean all they need is the bunos and perhaps its expected since the partnership is based on crypto.