Ufc (UFC) fighter Luana Pinheiro announced that they has partnered with Bitwage to get her salary in Bitcoin (BTC). Pinheiro stated she is constantly on the receive fiat payments from her sponsors but converts these to BTC immediately through Bitwage.
Pinheiro is presently rated 15th in her own UFC division and it has won eight consecutive fights. The fighter stated she made a decision to receive her salary in Bitcoin after her boyfriend and fellow mixed martial artist Matheus Nicolau encouraged her.
Evaluating Bitcoin to her fighting style, jiu-jitsu, Pinheiro highlighted that they would rather get compensated in BTC which she doesn’t worry about the volatility from the cryptocurrency. Based on her, volatility is paramount component that drives asset appreciation.
“If it were not volatile, it can’t increase either,” she stated, further explaining:
“Think about this: it requires typically 10-fifteen years for a person to acquire a black belt in South america in Jiu Jitsu, so time preference here is equally as lengthy, otherwise longer. Anything else is simply noise in my experience and also the lower the cost, the greater Bitcoin I’m able to secure for future years.”
The Brazilian also says, on her, Bitcoin functions as a hedge against inflation, since through the years the purchasing power fiat currencies continues to be failing with inflation, while BTC, despite its corrective movements, continues within an upward trend.
“Don’t forget I am from South america, and so i know a factor or more about inflation and it is effects. I had been born around 1994, at about the time the Brazilian currency Real was introduced and pegged 1:1 towards the U.S. dollar at that time. It’s now 5 BRL for 1 USD. Bitcoin is perfect for that, to safeguard against inflation,” she stated.
Additionally to Nicolau and Pinheiro, professional soccer players Alex Barrett, Achara Ifunanyachi, and Alex Crognale also receive their earnings in Bitcoin.
UFC has forged several partnerships with crypto companies. In April, UFC became a member of forces with crypto exchange Crypto.com, enabling fighters to get their fan bonuses in BTC. The fan bonus is compensated out by Crypto.com to the peak three fighters of approaching pay-per-view occasions.
Individually, in June, UFC joined right into a multi-year marketing partnership with blockchain logistics firm VeChain Foundation worth $100 million.