Matheus Nicolau, Ultimate Fighting Championship fighter, has chosen to receive his fight earnings via Bitcoin (BTC) as the most popular cryptocurrency.
According to a joint announcement with Cointelegraph, Nicolau, the eighth-ranked UFC flyweight champion, received his first Bitcoin salary Monday via a Bitwage payroll service.
To hedge against rising inflation, the Brazilian sportsman chose to receive his paycheck in Bitcoin. Nicolau stated that earning Bitcoin will allow him to protect the value of his hardwork and not worry about his money being wasted.
“I earn my money the hard and expensive way. I bleed for it. MMA is a demanding sport that requires you to put in everything. I feel like I’m constantly losing money, even though I fight on the one side. It hit me then: Bitcoin is the answer.
Vinicius Las casas, the Brazilian fighter’s manager, will also use Bitwage to get a portion his salary in BTC. Vinicius Las casas, Vinicius’ manager for Nicolau, stated that they are bullish about Bitcoin and are keen to spread the Bitcoin gospel through this latest deal.
The announcement states that Nicolau is the first Latin American fighter and the second UFC fighter ever to be paid in Bitcoin. Francis Ngannou, UFC heavyweight fighter, announced in January that he would receive half of the UFC 270 prize money via Bitcoin Cash App.
We are thrilled to announce @NicolauMatheus, the 1st Latin American fighter and 2nd @ufc fighter to ever be paid in #bitcoin. He is working hard to secure his salary. He is fighting inflation. Follow his lead: https://t.co/uZw32wkokH pic.twitter.com/6VbtQ3o3zc
— Bitwage (@Bitwage) March 21, 2022
Related: A new poll shows which regions are the most likely to receive crypto-based salaries
Nicolau joined the growing number of athletes, politicians, and celebrities who have realized the value of Bitcoin.
Andre Iguodala, a three-time NBA champion, announced in January that he would be investing a portion his $2.6 million annual salary into BTC. Cointelegraph reported that seven NFL players including Aaron Rodgers and Trevor Lawrence decided to start receiving their full paychecks in crypto.