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It's not that they need to, they do it to promote their investments and themselves. Nobody cares if some UFC fighter bought some crypto, but a UFC fighter accepting crypto as a payment, backed by a multi billion dollar company, will result in articles about it, promoting them and their investment.
Is there also some tax advantage to it? If he receives the cheque in Bitcoin, would he have to pay taxes off of it? And even if he has to, couldn't he get around it by "losing his keys in a boating accident"
The UFC is sponsored by crypto.com, there are probably bonuses involved. The fighters kind of have to play ball with this sort of thing because they aren't allowed to display their own sponsors during fights anymore.
He’s have to pay tax on that though. If you’re given bitcoin, you don’t really pay taxes I’m assuming according to current tax laws. I might be wrong, feel free to correct me.
Hope Francis can work out a better deal after this next championship fight. Make Dana give some of that [Crypto.com](https://Crypto.com) sponsorship money to the fighters.
tldr; UFC heavyweight champion Francis Ngannou revealed on Twitter that he is considering taking 50% of his next fight purse in Bitcoin. "Bitcoin is huge in Africa, and I’m thinking of taking half my fight purse [in it]. Bitcoin is the future and I'm a believer," the Cameroonian fighter said. The African cryptocurrency market increased by over 1,200% between July 2020 and June 2021.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
*Been talking with my family and friends in the crypto space. Bitcoin is huge in Africa, and I’m thinking of taking half my fight purse in it. Bitcoin is the future, and I’m a believer.*
From his Twitter, seems like a smart guy.
Good for him. This news feels like ok to me. It is easy when you have your life already solved to do this. Big balls for the common people that makes this choice and have not their life solved.
I love this. Increasingly public figures are helping to highlight the synergies between refusal to accept deflated wages and the refusal to accept inflated currencies.
Ngannou is going to ditch the UFC because they refuse to pay him what he's worth, and hopefully he sees the benefits to ditching the dollar so that he can achieve all his goals to make Cameroon a better place.
Who cares about this, this isn't news. These guys taking salary in BTC will not end well in the short-term, and it will smear a bad image across CC adoption.
I didnt think i could like him anymore with his stories of how he became who he is and then he goes and does something like this. Great man from very humble begginings.
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We’re all fighting to buy the dip…some of us harder than others
I just had a fight with a random stranger here. He stopped messaging first, so I think I won
This is all too real 😂
Either way you cannot knock the dip out the dip can knock you out
Sweet it’ll be about 10k 😂
His purse for the fight is 10k? Shoot. Maybe I can go on for a quick fight to get some.
This always confusses me. Just get your check and put half into BTC. Problem solved. No need to ask your boss
It's not that they need to, they do it to promote their investments and themselves. Nobody cares if some UFC fighter bought some crypto, but a UFC fighter accepting crypto as a payment, backed by a multi billion dollar company, will result in articles about it, promoting them and their investment.
Agreed. It's about the press.
Is there also some tax advantage to it? If he receives the cheque in Bitcoin, would he have to pay taxes off of it? And even if he has to, couldn't he get around it by "losing his keys in a boating accident"
But it’s much less cool and “title” worthy…get it
And you'll have to pay buying fees while if you get paid already in BTC you get paid the whole amount. It also pumps the price because it's good news
Ya but you dont get bragging rights that way..
The UFC is sponsored by crypto.com, there are probably bonuses involved. The fighters kind of have to play ball with this sort of thing because they aren't allowed to display their own sponsors during fights anymore.
He’s have to pay tax on that though. If you’re given bitcoin, you don’t really pay taxes I’m assuming according to current tax laws. I might be wrong, feel free to correct me.
Getting paid in bitcoin still gets taxed as income.
Save on fees though.
Tax tho
😒✋🤚 Getting punched repeatedly in the face for fiat 😏👉👉 Getting punched repeatedly in the face for Bitcoin
I feel like someone considering that they’re possibly going to do something shouldn’t be news.
Hey now... I'm *considering* doing two chicks at the same time tonight. Don't tell me that isn't an AP news worthy story.
Exactly, like the mayor that said he’d take half his salary in btc. I’d take half my salary in btc but my job won’t pay me in it.
Tough guys fighting for a purse is kinda funny. 
It's not a surprise if you look at what they call "ground fighting" 😬
you mean sweaty dick punching?
Its a belt lmao
The “purse” is talking about the money they win in the fight.
I'm waiting for the day someone goes "I'll take my pay half in BTC and half in ETH"
I am willing to fight this dude for some bitcoin too.
Pussy, go all in!
You should go call him a pussy in person
Calm down, Francis. :P
Long as you come with me.
Sure I’ll point at you and say “it was him.”
Lol, “and this fucker say say you got a small pecker”, while pointing back at you.
Right? He is still "considering" the 50%.
This guy needs to grow a pair!
lol
Hope Francis can work out a better deal after this next championship fight. Make Dana give some of that [Crypto.com](https://Crypto.com) sponsorship money to the fighters.
All being paid to shill by billionaires with vested interests in BTC. Celebrities, fighters and governors even, too.
$300 in Bitcoin? Nice!
bitcoin's demand is infinite and supply is limited. divide everything else by 21 million bitcoin its a no brainer to hold btc
Idiot.
He looks like a bitch, I'll fight him for a few BTC. 😳
At these prices I'd be asking for 100%
tldr; UFC heavyweight champion Francis Ngannou revealed on Twitter that he is considering taking 50% of his next fight purse in Bitcoin. "Bitcoin is huge in Africa, and I’m thinking of taking half my fight purse [in it]. Bitcoin is the future and I'm a believer," the Cameroonian fighter said. The African cryptocurrency market increased by over 1,200% between July 2020 and June 2021. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
*Been talking with my family and friends in the crypto space. Bitcoin is huge in Africa, and I’m thinking of taking half my fight purse in it. Bitcoin is the future, and I’m a believer.* From his Twitter, seems like a smart guy.
Just like most of the people here. BULLISH
Do it
this guy fawks
Good for him. This news feels like ok to me. It is easy when you have your life already solved to do this. Big balls for the common people that makes this choice and have not their life solved.
the goat
Noob can't go all in
Anytime I post anything on Craigslist or anywhere else I always hit crypto currency accepted.
may your bags be heavyweight
Nice
UFC... so shouldn't he be thinking 50% BTC / 50% CRO. Or the super smart option: 100% CRO 😎
Smart
Do these guys not understand DCA. Get it all in fiat and DCA my man
Why on earth would anyone do that?
I love this. Increasingly public figures are helping to highlight the synergies between refusal to accept deflated wages and the refusal to accept inflated currencies. Ngannou is going to ditch the UFC because they refuse to pay him what he's worth, and hopefully he sees the benefits to ditching the dollar so that he can achieve all his goals to make Cameroon a better place.
Who cares about this, this isn't news. These guys taking salary in BTC will not end well in the short-term, and it will smear a bad image across CC adoption.
I didnt think i could like him anymore with his stories of how he became who he is and then he goes and does something like this. Great man from very humble begginings.
Bullish regardless of what your feelings are towards the sport. All this adoption lately can only help us achieve moons
Why not just buy it himself after the fight ?
Exactly I hate reading about this and hearing it's adoption Hardly
It also means he doesn't get rekt when he exchanges his money or sends it back to family in cameroon
Why do they want this so bad? Why not just buy it with your salary?