Quote from: retreat on Today at 07:21:39 PM

Quote from: Nitt371 on Today at 01:20:47 PM

Great idea, only I’m not so sure a lot of athletes (especially UFC fighters) know a lot about crypto. But I guess they have agents or managers or something, who can help them with that. In any case, it’s a good marketing move from crypto.com.

I really salute crypto.com, the money (bitcoin) they spend to pay bonuses for UFC athletes is definitely not small. they are really doing great things to encourage mass adoption. I believe this (paying fighter bonuses with Bitcoin) will have a big impact on the price of bitcoin going forward.

I haven't read how much they'll be paying, but I assumed it wasn't more than the regular bonus and the news is that they can be paid in Bitcoin. This is probably a bad idea for the fighters to be honest, because the amount of money is small, they'll need it to pay for training, and if the value drops they'll be on the hook for taxes that could potentially be more than the value of the Bitcoin when they cash it out. I can understand for athletes that make a lot of money a program like this could be great, but these fighters are very publicly underpaid and I doubt many of them can afford to sit on Bitcoin through downtrends without having to cash it out at a loss to pay expenses. If this was going for athletes like Connor McGregor it would be great, but something tells me Connor won't be accepting any bonuses in Bitcoin for his fights.