Bitcoin

UFC to Pay Fighters Bitcoin Rewards

MMA Entertainment Giant UFC to Pay Fighters Bitcoin Bonuses

The digital currency exchange Crypto.com has announced that fighters representing the mixed martial arts promotion company, Ultimate Fighting Championship (UFC) will be able win Fight Night bonuses in bitcoin. Fight Night bonus payouts will vary depending on placement, and contestants that finish first place will get paid $30,000 in bitcoin for the win.

UFC, Crypto.com to Pay Athletes Bitcoin Bonuses via Fan Voting Process

After partnering with the UFC during the first week of July 2021, the cryptocurrency exchange Crypto.com announced on Thursday bitcoin bonuses for UFC athletes who place first, second, and third in a Fight Night competition. The placement decisions will also be made by fans via fan voting. “Bitcoin bonuses include $30,000 for First Place, $20,000 for Second Place, and $10,000 for Third Place,” the crypto exchange’s announcement explains.

MMA Entertainment Giant UFC to Pay Fighters Bitcoin Bonuses — The first bitcoin (BTC) bonus Fight Night PPV event will take place on Saturday, April 9 during UFC 273: Volkanovski vs the Korean Zombie.

The bitcoin (BTC) bonuses will be based on the USD exchange rate at the time and the first bitcoin bonus Fight Night will be at UFC 273: Volkanovski vs the Korean Zombie. The UFC tournament will be held at the VyStar Veterans memorial Arena in Jacksonville, Florida on Saturday, April 9. UFC President Dana White stated that Crypto.com was an official UFC partner for less then a year and that they are already one the best partners we have ever had. The UFC executive also added

[Crypto.com is] constantly coming up with new ideas about how we can work together to connect with the fans. The Fan Bonus of the Night, a new way to engage fans in our events and reward fighters for their bad-ass performances, is an amazing idea.

According to the announcement on Thursday, each UFC PPV event will have fan voting and fans will leverage the URL crypto.com/fanbonus to access the portal. Crypto.com states that voting is open worldwide and all users can vote for three fighters per PPV event. The PPV preliminaries begin at the beginning of voting, and the Fight Night event ends an hour later. Fans can vote for up to two fighters.

” “Creating the most compelling and compelling ways for fans of the sport to connect with their favorite athletes and the UFC is central to our partnership,” Steven Kalifowitz (Cyber.com’s chief market officer) stated. “We are excited for the next step in our partnership UFC and look forward to creating even more engaging experiences as our partnership continues .”

This story contains tags

Bitcoin, Bitcoin (BTC), Bitcoin Bonus, BTC Bonus, Crypto.com, crypto.com/fanbonus, Dana White, Fan Voting, Fight Night competition, Fight Night event, PPV, PPV preliminaries, Steven Kalifowitz, UFC, UFC 273, UFC 273: Volkanovski vs the Korean Zombie, UFC partner, UFC president

What do you think about the UFC and Crypto.com giving fighters bonuses in bitcoin? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Report: Trump administration wants USAID to adopt blockchain technology

USAID will change its name to the US Agency for International Humanitarian Assistance (IHA) By using blockchain technology, it will “radically increase security, transparency, and traceability” The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February The Trump administration reportedly wants its…

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USAID will change its name to the US Agency for International Humanitarian Assistance (IHA)
By using blockchain technology, it will “radically increase security, transparency, and traceability”
The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February

The Trump administration reportedly wants its United States Agency for International Development (USAID) to “leverage blockchain technology” as it works on renaming the organization.

According to a report from WIRED, a government memo has been circulating among State Department officials detailing plans for USAID. In the 13-page document – first reported on by Politico – it states that as part of the revamp, USAID will change its name to US Agency for International Humanitarian Assistance (IHA).

The memo also suggests “leveraging blockchain technology” which will “radically increase security, transparency, and traceability.”

It adds: “This approach would encourage innovation and efficiency among implementing partners and allow for more flexible and responsive programming focused on tangible impact rather than simply completing activities and inputs.”

USAID staffers on leave

Since US President Donald Trump re-entered the White House, significant changes have been made to organizations in the US. One of which is USAID.

In early February, USAID staff were put on administrative leave “with the exception of designated personnel responsible for mission-critical functions,” according to a government notice.

Following the implementation of Elon Musk’s Department of Government Efficiency (DOGE), staff numbers at USAID have been cut from 10,000 to just under 300.

In a post on X in February, Musk wrote: “USAID is a criminal organization. Time for it to die.”

USAID is a criminal organization.

Time for it to die. https://t.co/sWYy6fyt1k

— Elon Musk (@elonmusk) February 2, 2025

Blockchain in humanitarian efforts

The use of blockchain in humanitarian efforts has been used before with many seeing the potential is can bring. In 2020, UNICEF invested around 135 Ethereum – about $30,000 at the time – into eight companies from seven developing countries to assist in developing prototypes and to scale their projects.

Financial services company AID:Tech turned to the payment rails of stablecoin issuer Circle to provide fraud-resistant disaster relief delivery in USDC in 2021. By doing so, they wanted to reduce inequality and increase opportunities by bringing accountability and transparency to the distribution of federal relief.

Realizing the benefits of blockchain technology, AID:Tech was the first company to use the technology to deliver international aid in 2015.