UFC fighters will get their bonus pay by Bitcoin - page 5.

wxa7115

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Quote from: bittraffic on April 07, 2022, 09:09:07 PM

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.

7788bitcoin

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Quote from: judeafante on April 07, 2022, 08:30:02 PM

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

Even if majority of the athletes get the bonus in Bitcoin, if they wanted to they can withdraw them instantly. There are many fighters in the UFC that solely depend on the bonus payment and when they win them, they usually want to use them to settle their loans rather than holding them. So these things are individual cases as it depends upon fighters who are financially secured, they might hold them, the rest will cash out instantly.

Oceat

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Quote from: Emitdama on April 09, 2022, 02:18:06 PM

I am not a fan of UFC but this thing (bonus) is already thing before? Almost all people are going to get excited if promised by a bonus so yeah it can also make the match more exciting because players are trying their best to be included in the top three in order for them to get qualified for the bonus.

Another thing that can make them excited is if they haven't tried bitcoin before but for the existing btc users, it can still give them an excitement thinking that there's another addition to their portfolio. Before it was also crypto.com that is said to sponsor the FIFA and now there are at it again. Wow this crypto company never fails to impress us.

It might be that exciting but I'm just concerned about of what knowledge those fighters have about Bitcoin/crypto currency since they don't know yet how to use their wallet or not exposing their private keys to someone. Although if they have a free tutorial on those fighters on how to use a wallet or just a basic knowledge about using the wallet and Bitcoin then that would be great for them. And I'm sure most fighters would love to be on the top list since it's not all about Bitcoin but also it's all about being a champion.

Emitdama

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I am not a fan of UFC but this thing (bonus) is already thing before? Almost all people are going to get excited if promised by a bonus so yeah it can also make the match more exciting because players are trying their best to be included in the top three in order for them to get qualified for the bonus.

Another thing that can make them excited is if they haven't tried bitcoin before but for the existing btc users, it can still give them an excitement thinking that there's another addition to their portfolio. Before it was also crypto.com that is said to sponsor the FIFA and now there are at it again. Wow this crypto company never fails to impress us.

dothebeats

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It's good if this also comes with education on athletes that receive bitcoin as bonuses. This is just publicity for crypto.com to make their brand seem like they're promoting crypto for the future. They are in some way but ultimately the one who benefits more is them and not the other parties involved in the deal.

The good thing is, people will have the chance to hear about crypto when watching their sport (UFC), and may even be interested in researching more about cryptocurrencies as a whole due to this deal made by crypto.com with the athletes.

KTChampions

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Quote from: erep on April 09, 2022, 01:09:33 AM

Quote from: KTChampions on April 08, 2022, 12:22:26 PM

I think this is an image event and no one will teach athletes about blockchain, but this is not necessary. Firstly, they have managers to figure it out, and secondly, the main effect of this action is that even more people will learn about cryptocurrencies and some of them will understand this issue.

I'm not sure athletes are not knowledgeable about blockchain even if they live in a technologically advanced country. Even everyone I know, even though they are still technologically savvy but at a glance they already know how crypto works even without anyone teaching them anything about blockchain, the help of google search has shared a lot of knowledge with people all over the world.

And what does it change from a practical point of view? It's one thing to hear about something, it's another thing to use it. As it was already written above for the athletes themselves, this does not change anything - it is only a slight change in the payment method, but in the end, the athletes still receive fiat. But from the point of view of keeping cryptocurrencies in the news flow, this is a good thing.

madnessteat

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Quote from: agustina2 on April 09, 2022, 09:43:32 AM

Quote from: Cling18 on April 09, 2022, 06:44:35 AM

It will surely benefit them because that's the fruit of their hard work. They all deserve a good amount of bonus but I hope that they would get a chance to get to know the importance of Bitcoin as a currency and they will be able to access it easily. This kind of Bitcoin exposure will surely have a positive impact on the entire crypto community.

Even the bonus will not be paid in bitcoin, these UFC fighters are always paid thru their hard work. There's a benefit even without the bitcoin payment. There's nothing special to that as they just simply change the bonus payment into Bitcoin as obviously, the company is related to crypto. Crypto.com really doing some nice actions to promote awareness of cryptocurrencies in general.

The goal is to promote crypto while promoting the service of crypto.com. A good move actually but I don't think other companies will follow. Those who will follow that payment scheme are those businesses that are technically in the crypto industry already right from the start.

What I liked about this initiative is that the best UFC fighters will be chosen by the fans to get their bonuses in BTC (although I couldn't find information on how exactly it will be organized) and that this contract has a long term plan. $175 million is a great award that will be shared by the really best UFC fighters.

KennyR

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Quote from: Maestro75 on April 09, 2022, 09:35:13 AM

Quote from: bittraffic on April 07, 2022, 09:09:07 PM

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.

YOSHIE

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Quote from: judeafante on April 07, 2022, 08:30:02 PM

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

Of course, I believe the bonuses paid by the UFC to athletes will invite pros to other athletes, as far as I know Crypto/Bitcoin is not new and the first time exploring the world of sports.

If I'm not mistaken UFC is a crypto partner for almost a year, I've seen UFC president Dana White's interview talk about Bitcoin, about how they will implement the idea of using crypto well in the future for Athletes.

Like @Dana said, one of the exchanges invested in the LA Lakers stadium in 2021, nearly $700 million more, in this case I believe Bitcoin will be the basic reference in payments for world sports athletes in the future.

agustina2

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Quote from: Cling18 on April 09, 2022, 06:44:35 AM

It will surely benefit them because that's the fruit of their hard work. They all deserve a good amount of bonus but I hope that they would get a chance to get to know the importance of Bitcoin as a currency and they will be able to access it easily. This kind of Bitcoin exposure will surely have a positive impact on the entire crypto community.

Even the bonus will not be paid in bitcoin, these UFC fighters are always paid thru their hard work. There's a benefit even without the bitcoin payment. There's nothing special to that as they just simply change the bonus payment into Bitcoin as obviously, the company is related to crypto. Crypto.com really doing some nice actions to promote awareness of cryptocurrencies in general.

The goal is to promote crypto while promoting the service of crypto.com. A good move actually but I don't think other companies will follow. Those who will follow that payment scheme are those businesses that are technically in the crypto industry already right from the start.

Maestro75

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Quote from: bittraffic on April 07, 2022, 09:09:07 PM

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.

Mauser

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Very nice, seems like crypto.com is all over the place these days. Would be nice to know how big their annual marketing budget is. It's a nice way to promote crypto currencies and do some advertising at the same time. Crypto.com seems to target all areas of the sport industry for their ads. This probably will also bring a boost to the whole crypto sport betting community. I wonder how many UFC fighters will actually keep their Bitcoin bonus and how many of them will sell them immediately to convert to USD. For any big athlete with a lot money it would be a good idea to diversify some funds into bitcoins and other cryptos. If I were a fighter I would keep all my bonuses and negotiate some of my salary to be paid in bitcoins too.

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Quote from: Cling18 on April 09, 2022, 06:44:35 AM

It will surely benefit them because that's the fruit of their hard work. They all deserve a good amount of bonus but I hope that they would get a chance to get to know the importance of Bitcoin as a currency and they will be able to access it easily. This kind of Bitcoin exposure will surely have a positive impact on the entire crypto community.

each UFC fighter has quite loyal fans out there, especially when they win the championship, this is a good boost for the fighters and also fans to get to know Bitcoin. fighters profit from Bitcoin -> crypto.com as sponsor paying with bitcoin is getting more and more known -> Bitcoin is getting more and more popular, this is a perfect collaboration.

Cling18

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Quote from: Smartprofit on April 09, 2022, 05:43:41 AM

Quote from: xSkylarx on April 09, 2022, 05:13:54 AM

Quote from: Renampun on April 08, 2022, 02:18:14 PM

Quote from: bittraffic on April 07, 2022, 09:09:07 PM

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.

Yes, they are not stupid, and I am confident that they will become more interested in it as time goes on, which will lead to them adopting more bitcoin. I know it was announced to them earlier, and I am sure that they already have a basic understanding of it, its volatility, and how to exchange it. This is a fantastic step forward, and I believe that other sports will follow it and begin rewarding their athletes with bitcoin. This is a fantastic innovation in sports, and it will allow them to make more money as a result of it. Their compensation is rather plain, but when cryptocurrency is involved, I believe it becomes more interesting.

I am sure that many fighters will be happy to receive bonuses in bitcoins.

Wrestling in the ring is a very dangerous sport. There is a high risk of serious injury and disability.

At the same time, Bitcoin is a deflationary asset. Its price is constantly rising over time.

Basically, a Bitcoin bonus can be seen as a great retirement plan. At the same time, unlike a traditional pension fund, Bitcoin does not go bankrupt. The money is under your control (if you don't forget the seed).

I think that many UFC fighters are realizing the benefits of being rewarded in the first cryptocurrency.

It will surely benefit them because that's the fruit of their hard work. They all deserve a good amount of bonus but I hope that they would get a chance to get to know the importance of Bitcoin as a currency and they will be able to access it easily. This kind of Bitcoin exposure will surely have a positive impact on the entire crypto community.

Kakmakr

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Stake.com was the UFC’s first-ever “Official Betting Partner” in Latin America and Asia.... before Crypto.com was on the scene. They made Israel Adesanya their Brand ambassador, but I do not know if they paid him in Crypto currencies. Roll Eyes

They also have fighters like Francis Ngannou ...and it did not stop with only sponsoring men.... they also signed Alexa Grasso and some other boxers... in the Middle weight division.

I am just glad that Crypto companies are getting into the sponsoring of big events and the Sport individuals. Cool

Renampun

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Quote from: Smartprofit on April 09, 2022, 05:43:41 AM

Quote from: xSkylarx on April 09, 2022, 05:13:54 AM

Quote from: Renampun on April 08, 2022, 02:18:14 PM

Quote from: bittraffic on April 07, 2022, 09:09:07 PM

...

I am sure that many fighters will be happy to receive bonuses in bitcoins.

Wrestling in the ring is a very dangerous sport. There is a high risk of serious injury and disability.

At the same time, Bitcoin is a deflationary asset. Its price is constantly rising over time.

Basically, a Bitcoin bonus can be seen as a great retirement plan. At the same time, unlike a traditional pension fund, Bitcoin does not go bankrupt. The money is under your control (if you don't forget the seed).

I think that many UFC fighters are realizing the benefits of being rewarded in the first cryptocurrency.

That's right, the risk in the ring is very big, especially a concussion...

By receiving a bonus in Bitcoin, the future of the wrestlers/fighter will be safe because the price of Bitcoin is predicted to continue to rise. just imagine if they receive a bitcoin bonus at the current price then a few months later the bitcoin hits ATH again then they have made a 100% profit.

Smartprofit

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Quote from: xSkylarx on April 09, 2022, 05:13:54 AM

Quote from: Renampun on April 08, 2022, 02:18:14 PM

Quote from: bittraffic on April 07, 2022, 09:09:07 PM

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.

Yes, they are not stupid, and I am confident that they will become more interested in it as time goes on, which will lead to them adopting more bitcoin. I know it was announced to them earlier, and I am sure that they already have a basic understanding of it, its volatility, and how to exchange it. This is a fantastic step forward, and I believe that other sports will follow it and begin rewarding their athletes with bitcoin. This is a fantastic innovation in sports, and it will allow them to make more money as a result of it. Their compensation is rather plain, but when cryptocurrency is involved, I believe it becomes more interesting.

I am sure that many fighters will be happy to receive bonuses in bitcoins.

Wrestling in the ring is a very dangerous sport. There is a high risk of serious injury and disability.

At the same time, Bitcoin is a deflationary asset. Its price is constantly rising over time.

Basically, a Bitcoin bonus can be seen as a great retirement plan. At the same time, unlike a traditional pension fund, Bitcoin does not go bankrupt. The money is under your control (if you don't forget the seed).

I think that many UFC fighters are realizing the benefits of being rewarded in the first cryptocurrency.

jossiel

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Although I have seen this somewhere already like those football athletes. But this is different since it's an incentive for those UFC players based on their viewership.

Crypto.com has already been known to support sporting events and this is actually good marketing for them. A partnership is likely for UFC and crypto.com through this bonus that they'll distribute.

Hypnosis00

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Quote from: crwth on April 07, 2022, 09:34:25 PM

In this article, I saw that they have an opportunity to be paid in crypto. I'm not sure how it will affect the overall market but having more people aware that there is a cryptocurrency and more people are going to be exposed to it. Maybe more and more people would be accepting cryptocurrencies as a whole. I doubt people would be opting out of it because it's a great opportunity since it's just their bonus.

Maybe they can wholly accept their cash prize in cryptocurrency rather than just USD in some time.

This gives additional market exposure and demand and expected price surge.
The more it introduces to the sports events like UFC, this will surely attract more adoption from other sports/gaming platforms.
* more adoptions
* education
* of course, this gives a clear understanding that Bitcoin is real and usable.

This sort of crypto improvement and market innovation will somehow give the idea that people are now willing to adopt the technology and accept changes, Fiat to Digital currencies.

xSkylarx

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Quote from: Renampun on April 08, 2022, 02:18:14 PM

Quote from: bittraffic on April 07, 2022, 09:09:07 PM

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.

Yes, they are not stupid, and I am confident that they will become more interested in it as time goes on, which will lead to them adopting more bitcoin. I know it was announced to them earlier, and I am sure that they already have a basic understanding of it, its volatility, and how to exchange it. This is a fantastic step forward, and I believe that other sports will follow it and begin rewarding their athletes with bitcoin. This is a fantastic innovation in sports, and it will allow them to make more money as a result of it. Their compensation is rather plain, but when cryptocurrency is involved, I believe it becomes more interesting.

Topic: UFC fighters will get their bonus pay by Bitcoin - page 5. (Read 944 times)