Francis Ngannou, the current UFC heavyweight champion, has stated that he intends to accept half of his next fight money in bitcoin.
Francis Ngannou, a Cameroonian mixed martial artist who participates in the Ultimate Fighting Championship’s (UFC) heavyweight division, is considering joining the increasing list of athletes who accept bitcoin as payment.
A Bitcoin Supporter
The UFC champion announced that he believes in Bitcoin and discussed the top cryptocurrency with his family and friends on Friday. Ngannou also stated that he believes Bitcoin has a bright future and is considering investing half of his next bout profits in digital currency.
Ngannou’s Upcoming Fight
On January 22, 2022, the UFC heavyweight champion will meet French mixed martial artist Ciryl Gane in a title unifier at UFC 270.
Ngannou holds the world record for the hardest punch ever measured as the reigning champion. He makes between $500k and $600k per match, plus various extras. If the fighter goes forward with accepting part of his next fight purse in bitcoin, he will receive between $250k and $300k in BTC.
Paying Ngannou in bitcoin would not be a problem for UFC because the firm already has a sponsorship relationship with the popular cryptocurrency exchange CryptoCom. The exchange’s logo will be displayed on fight kits worn during all UFC fights as part of the ten-year partnership, valued at roughly $175 million.
Meanwhile, Ngannou stated that his bout against Gane could be his final for the UFC, as his contract with the organization has expired, and he does not want to extend it due to unjust remuneration. However, the 35-year-old boxer stated that he is willing to accept a new contract that includes a boxing option in exchange for more money.
Athletes are becoming more interested in Bitcoin and cryptocurrency in general. Ngannou will not be the first athlete to accept payment in Bitcoin.
In November last year, Odell Beckham Jr., an American football star, established a collaboration with Cash App to collect his $4.25 million paychecks in bitcoin for the 2021-2022 NFL season.