UFC Fighters Can Now Receive Their Bonuses in Bitcoin
Categories: US
The Ultimate Fighting Championship (UFC) is taking its partnership with Crypto.com to the next level with the introduction of “Fan Bonus of the Night” – an innovative collaboration with the major exchange where fans vote on the allocation of fighter bonuses for pay-per-view (PPV) events to be paid out UFC fighters can now receive their bonuses in bitcoin.
Fans Allocate Fighter Bonuses
Until now, the decision as to which fighters delivered performances worthy of a bonus lay solely with UFC fighters can now receive their bonuses in bitcoin matchmakers. However, since the advent of “Fan Bonus of the Night”, fans are now able to participate in what is always a controversial decision.
Bonuses on Top of Bonuses
In total, three bitcoin bonuses will be awarded, ranging from US$10,000 to U$30,000. Given that fighter pay remains a hot topic within the MMA community, it’s worth noting that these fan bonuses will be in addition to fighter salaries, as well as the U$50,000 “Fight of the Night” and “Performance of the Night” bonuses typically awarded. In 2021 we saw a flurry of professional athletes elect to take their earnings in bitcoin, and this trends appears to be picking up steam. In January, UFC heavyweight champion Francis “The Predator” Ngannou elected to take half his fight purse in bitcoin, saying: “I believe bitcoin can empower people everywhere.” And UFC fighters can now receive their bonuses in bitcoin.
In December 2021, the Ultimate Fighting Championship (UFC), one of the world's head blended combative techniques associations, declared that it would begin offering its warriors the choice to accept their battle rewards in Bitcoin.
As per the UFC, the move is essential for a work to give its competitors more noteworthy monetary adaptability and permit them to take part in the cryptographic money market in the event that they so decide.
The UFC has joined forces with a Bitcoin installments processor to work with the installments, and UFC fighters can now receive their bonuses in bitcoin will have the choice to change the computerized money over completely to cash right away or hold it as a speculation.
While the move is huge as far as standard reception of Bitcoin, it is quite important that warriors will in any case have the choice to accept their rewards in conventional money assuming they like.
In general, the UFC fighters can now receive their bonuses in bitcoinis an impression of the developing fame and acknowledgment of cryptographic money as a genuine type of installment.
it was declared in December 2020 that the UFC had cooperated with cryptographic money installment specialist organization BitPay to permit fighters to receive their bonuses in Bitcoin. This move is essential for a more extensive pattern of organizations and people tolerating cryptocurrencies as a type of installment.
The UFC isn't the primary games association to embrace Bitcoin. In 2014, the Sacramento Lords turned into the main elite athletics group to acknowledge Bitcoin for ticket and product buys. All the more as of late, a few NFL players have communicated interest in getting a piece of their compensations in Bitcoin.
While the utilization of cryptocurrencies in sports is still in its beginning phases, obviously the innovation can possibly alter how competitors are paid and could give more noteworthy monetary adaptability and security for the two competitors and associations.