The world's largest Mixed Martial Arts organization, Ultimate Fighting Championship, will pay fighters additional bonuses in cryptocurrencies. On the other hand, the Tennessee Titans, one of the American football teams, became the first National Football League (NFL) team to accept Bitcoin (BTC) for payments.
The UFC (Ultimate Fighting Championship) will make additional bonus payments to fighters in cryptocurrencies.
The UFC has already partnered with crypto-related companies, and Bitcoin bonuses will be paid out to the top three fighters at pay-per-view events, according to Bloomberg. Votes from the audience will determine the winners of the crypto bonus. The three lucky fighters will split a total of $60,000 among themselves. This type of bonus is the best performance of the night, best fight of the night, etc. will be awarded in addition to the traditional cash bonuses for.
Last year, the UFC signed a 10-year, $175 million sponsorship deal with the company, which provides storage and trading solutions for cryptocurrency enthusiasts. Crypto companies have invested in dozens of different sports organizations and companies in 2021. Along with the UFC, agreements with institutions such as MLB, FIFA and Formula 1 attracted great attention.
Tennessee Titans, one of the American Football Teams, becomes the first team to accept Bitcoin (BTC) in the NFL
Tennessee Titans announced in an official statement that it will accept Bitcoin for large payments through a third-party company, BTC Inc. The Titans thus became the first NFL team to accept Bitcoin for payments. With this application, Titans will offer its fans the opportunity to pay with Bitcoin for lodges, combo tickets and sponsorship opportunities at events at Nissan Stadium.
Titans, which will only accept Bitcoin payments on large payments and recurring purchases in the initial phase, stated that it has plans to allow Bitcoin payments on single ticket, club merchandise and in-game food and beverage sales in the future.
It was stated that Bitcoin Magazine, which is well-known in the crypto industry, and UTXO Management, a digital fund company, advised Titans for Bitcoin payments by consulting. BTC Inc. CEO David Bailey, who will cooperate with Titans in Bitcoin payments, made the following statements in his statement on the subject;
“We are delighted to partner with the Tennessee Titans, who are embarking on their bitcoin journey and offering a new payment method to their fans. 2022 will be a special year for us as we continue to work with professional sports teams to contribute to bitcoin adoption and cryptocurrency education.”
The Tennessee Titans have joined professional sports teams such as the American Major League Baseball team Oakland Athletics and NBA teams Dallas Mavericks and Sacramento Kings that accept Bitcoin payments in the USA.