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One of the world’s top-ranked UFC fighters is announcing his decision to get paid in Bitcoin — becoming the first Latin American athlete to receive his earnings in the flagship crypto.
Matheus Nicolau – who is currently #7 in the UFC flyweight rankings – his decision has been driven by how fast BTC transactions are… and the fact that digital assets “can’t be confiscated.” In a video, he clarified:
“We professional athletes have a very short career, so that’s why I think it’s really important to manage our money.”
The UFC flyweight fighter Nicolau also gave reasons that the current economic climate also played a part in influencing his decision to dump fiat and get paid in Bitcoin. He added:
“As an athlete, I work hard to earn a living for myself, but with rising inflation, I worry that this hard work goes to waste.”
Matheus Nicolau will be using Bitwage to receive his income in BTC — a company that offers Bitcoin and cryptocurrency payroll solutions to individuals and companies.
Following a news release on combat sports, reports show that even some of the biggest superstars in the UFC are only paid in lump sums according to their performance — and “many fighters are forced to take on extra jobs” in order to make ends meet.
The CEO of Bitwage, Jonathan Chester, described Nicolau as “an amazing fighter with a champion mentality” and said:
“Matheus represents our exponential growth trend in Latin America, with people opting to get paid in bitcoin in order to preserve their hard-earned money.”
The Latin-American fighter is poised to match up against David Dvorak in Ohio on Saturday — and is currently chasing a four-fight winning streak. Whatever be the outcome – Win, Lose or Draw – his earnings will be immediately converted into BTC. Nicolau added:
“I make my money the hard way. I bleed for it. MMA is an intense sport that you put everything you have into. While I constantly fight on one hand, I have a feeling I am constantly losing money on the other. Then it hit me: Bitcoin is the solution.”