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Boxing legend Mayweather, 43, shocked the world on the weekend by posting news that the heavily rumoured exhibition fight between the pair would be going ahead in 2021.
"Super Exhibition Feb. 20, 2021!!!!" 'Money' wrote in a message to his 24.2m followers on Instagram.
Paul, who has only fought professionally once against YouTube rival KSI, also shared the news on social media with a simple message: "it's [sic] official."
White was asked for his thoughts on the news of Paul vs Mayweather and he pulled no punches towards the sport of boxing.
The UFC chief mocked how Paul was 'beaten up' by KSI and how he would now step into the ring with Mayweather, who retired undefeated in 2017 with a 50-0 record.
"When people ask me what's the state of boxing right now, that's where it's at," White said.
"Didn't that kid get beat up by the f*****g video game kid from England and now he's going to fight Floyd Mayweather?"
Fanmio has released details on the different prices for the pay-per-view, which has been broken up into a bizarre four-part model.
Paul entered into full trash-talking mode last month as he claimed that he would 'kick Mayweather's a**e' in a street fight.
The 25-year-old YouTube star told TMZ in November: "Let me tell you this, if I caught Floyd in a real fight, street fight, whoop his a**e! No question.
"MMA? Octagon? Whoop his a**e!" The only place I think Floyd is safe obviously is the boxing ring, but to be honest, I don't give a f**k! I don't give a f**k!
"I would fight Floyd anytime, anywhere, any place. Doesn't f*****g matter to me. I'm eight inches taller, I'm 40 pounds heavier, I'm half his age, I'm two times as hungry and 10 times as smart.
"I'm used to beating up people weaker and shorter than he is. I grew up with Jake [Paul]!"