American professional mixed martial arts fighter Kevin Lee has announced that his four-fight contract with Eagle FC will be paid in full in Bitcoin. He also said that he became an investor in BTC back in 2017.
29-year-old fighter Kevin Lee explained that the contract with the Eagle Fighting Championship consists of four fights, and for each of them he will receive a fee in bitcoins, not in US dollars. Thus, he became the first athlete in his field to receive such payments:
I am impressed that I will be the first MMA fighter to sign a multi-million dollar Bitcoin contract.
Lee said the clause was one of the reasons he decided to sign the proposed agreement. In his opinion, bitcoin will provide him with “much greater financial stability” and will inspire him to better fight in the ring.
Once, when an athlete competed with Tony Ferguson, he suffered a knee injury. A couple of years later, he needed an operation, and he was able to pay for it through a partial sale of bitcoins.
… Bitcoin helped me out a lot, so I really believe in it, it has a great future.
According to Lee, if he received fiat currencies, he would immediately convert them into the largest cryptocurrency. The signed contract allows him to exclude intermediaries.
The digital asset industry is gradually infiltrating all aspects of the global financial system, also engulfing the sports sector. And while Kevin Lee is the first MMA fighter to receive a bitcoin royalty, adoption is gaining momentum in many other sports.
In July this year, US National Football League rising star Sakwon Barkley announced that he would use Strike, a payment app, to convert all of his advertising and marketing contract profits into Bitcoin.
Aaron Rogers, the Green Bay Packers quarterback, has also pledged to convert some of his US NFL earnings into a leading digital asset in the future. Along with this, Odell Beckham Jr. said that he will receive his salary of $ 4.25 million in bitcoins.
The National Basketball Association has similar examples. Detroit Pistons star Cade Cunningham partnered with crypto company BlockFi in August. As part of the contract, the 20-year-old American will educate sports fans about the value of cryptocurrencies by taking part in interviews and videos, for which he will receive a reward in BTC.
#Mixed #fighter #Kevin #Lee #switches #bitcoin #payment