Fitch first fighter to be paid by digital currency

Friday, June 27, 2014

Being paid by sponsors in something that has allowed fighters to make extra money to cover the expenses of a fight camp. Being paid in a digital currency however, has never happened, well until now:

When I launched Nautiluscoin, I took a page out of Wall Street's old playbook and added a stability fund so that we can use some of the coins to act as speed bumps when big swings in price occur. As well, we have reduced the transaction time down to 60 seconds, compared to bitcoin's 10-minute transaction time.

The next step for Nautiluscoin was actually a little trickier than trying to solve the volatility problem: How to get the word out about Nautiluscoin?

I decided it was time for a fight.

So, I'm sponsoring Jon Fitch (www.jonfitch.net), the No.2 Mixed Martial Arts (MMA) World Ranked Welterweight, in his upcoming fight on July 5 on NBC. Like many of us, Jon has recently caught the digital currency bug and with this sponsorship, he will become the first professional athlete to be paid in a digital currency.

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