Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
The athlete signed an agreement with Bitwage that makes her the first female UFC athlete in Latin America to receive her salary in Bitcoin.
- UFC fighter, Luana Pinheiro, partners with Bitwage.
- You will receive 100% of your salary in Bitcoin.
- He says he is not worried about price volatility.
The Brazilian athlete Luana Pinheiro, luchadora ofUltimate Fighting Championship (UFC), will start receiving his salary in Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. after partnering with cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. provider Bitwage .
The UFC women’s champion, who is ranked No. 15 in her division and has won eight consecutive fights, announced her partnership with the company in a interview posted by the YouTube account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of Bitwage Brazil this Tuesday. The cryptocurrency-powered payroll service provider also shared the news in a tweet.
The Bitwage ambassador army grows!
Read the ????to learn more. pic.twitter.com/zlQqtQUuma
– Bitwage (@bitwage) July 19, 2022
The agreement will allow Pinheiro to receive her full salary in Bitcoin . While it will continue to receive payments in fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currency currency is a medium of exchange that defines value. from its sponsors, it will leverage money that a trader borrows from a brokerage, enabling them to gain far greater exposure to a position than what their capital allows. Bitwage to convert those funds immediately to cryptocurrency, according to a informe de Cointelegraph .
The athlete said she opted to start receiving her paycheck in digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency after her boyfriend and UFC fighter Matheus Nicolau encouraged her to do so. Nicolau, who is ranked seventh in his category, had been associated with the with Bitwage last March to receive his salary in Bitcoin , remember the middle Bitcoin Magazine .
The move makes her the first mixed martial arts athlete in Latin America to embrace the sport. Bitcoin for the receipt of 100% of your salary.
Not worried about volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index.
Although he will begin accepting cryptocurrencies in the midst of a pronounced bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” cycle, Pinheiro said he’s not worried about market an area or arena, online or offline, in which commercial dealings are conducted. volatility. “ I don’t think I have a problem with Bitcoin going up or down. If it wasn’t volatile it wouldn’t go up either “ said the athlete, who then proceeded to compare the price moves with her fighting style, jiu-jitsu.
Think about this: it takes an average of 10-15 years for a person to get a black belt in Brazilian Jiu Jitsu, so my time preference here is equally long, if not longer. Everything else is just noise to me and the lower the price, the more Bitcoin I can secure for the future.
In the video, the wrestler also indicated that her personal experience is one of the reasons why she is adopting Bitcoin. She said she will use cryptocurrency as an inflation hedge in the face of fiat currency inflation.
“ Don’t forget I’m from Brazil, so I know a thing or two about inflation a general increase in prices and fall in the purchasing value of money. and its effects.” said, adding that despite price corrections, Bitcoin has maintained an upward trend over time.
“I was born around 1994, at the time when the Brazilian currency Real (BRL) was introduced and its parity with the US dollar was fixed at that time. Now 5 BRL is equal to 1 USD. That’s what Bitcoin is for, to protect against inflation. “Pinheiro said, as quoted by Cointelegraph .
More athletes go for Bitcoin
Pinheiro and his teammate Nicolau aren’t the only athletes dabbling in digital currency payments. NFL stars and professional football players Odell Beckham Jr., Alex Barrett and Alex Crognale are among those who have also opted to receive their salaries (or a percentage of them) in cryptocurrency.
The UFC is no stranger to cryptocurrency either. Earlier this year, the mixed martial arts organization signed a agreement with the exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Crypto.com which awarded bonuses of Bitcoin to the champions in the competition Fight Night. The UFC also launched its own token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. for fans on the sports-focused blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. platform a place to buy, sell and store cryptocurrency Chiliz.
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Article by Hannah Estefania Perez / DiarioBitcoin
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