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A baseball club in Australia is planning to pay its players with bitcoin

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  • The Perth Heat, an Australian baseball team, announced a partnership with Bitcoin payments provider OpenNode on Tuesday, allowing the club to take Bitcoin payments and deliver Bitcoin compensation to players and staff over the Lightning Network
  • The Perth Heat is dedicated to operating on a Bitcoin Standard, and in doing so, are changing the corporate treasury from dollars to Bitcoin, stated Patrick O’Sullivan, Chief Bitcoin Officer of the Perth Heat
  • The Heat, according to O’Sullivan, will continue to be strongly interested in cryptocurrencies

The Perth Heat, an Australian baseball team, announced a partnership with Bitcoin payments provider OpenNode on Tuesday, allowing the club to take Bitcoin payments and deliver Bitcoin compensation to players and staff over the Lightning Network. The Perth Heat will accept Bitcoin payments for sponsorships, merchandise, and ballpark concessions, as well as hold Bitcoin on its financial sheet, in addition to paying players and staff in Bitcoin.

The Perth Heat are dedicated to operating on a Bitcoin Standard, and in doing so, are changing the corporate treasury from dollars to Bitcoin, stated Patrick O’Sullivan, Chief Bitcoin Officer of the Perth Heat. The club has already created an initial investment in BTC to assist safeguard its digital property rights on the world’s most secure monetary network, ‘ he stated. They believe the world is beginning to grasp the importance of good money ideas, and we are committed to take the lead.

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The Heat, according to O’Sullivan, will continue to be strongly interested in cryptocurrencies. He explained This is not a one-time buy to protect against future uncertainty or inflationary pressures. The Perth Heat are accepting the fact that the Bitcoin blockchain will be the future of money and business treasuries. Steven Nelkovski, the CEO of the Perth Heat, is ecstatic about the club’s participation in setting new boundaries.

They are certain that the Bitcoin attitude will be felt by our players, coaches, staff, and dedicated fan base, and we look forward to raising the standard for how much value a sports organization can deliver to a community in the Bitcoin age, he added.

Meanwhile, Crypto.com has agreed to a $700 million naming rights agreement with the AEG-owned Staples Center in Los Angeles, which will commence on Christmas Day. The Los Angeles Lakers and LA Clippers of the NBA, the LA Kings of the NHL, and the Los Angeles Sparks of the WNBA all call the venue home. Crypto.com is now an official cryptocurrency platform partner of the Los Angeles Lakers and LA Kings, according to the agreement.

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