Australian Baseball Team Perth Heat To Pay Its Player In Bitcoin

SYNOPSIS

  • From Friday, the Perth Heat baseball team will begin paying players and staff with Bitcoin.
  • Employees now have the option of using cryptocurrency or traditional payment methods.
  • For food and drink, as well as sponsorship deals, the Heat will take Bitcoin.
  • Follows the WA team as they sign a sponsorship arrangement with OpenNode, a payment company.

An Australian baseball team will pay its players in Bitcoin and accept it for ticket and food purchases. It believes digital currency is the “future of money.”

OpenNode Will Look After Payments

Following a collaboration with payment organisation OpenNode, Perth Heat announced that its staff will now be able to opt to be paid in cryptocurrency.

Perth Heat general manager Steve Nelkovski stated that executives intended to run the entire organisation on Bitcoin in the future.

‘The Heat are embracing the truth that the future of money and corporate treasuries will live on the Bitcoin blockchain,’ according to a statement from the club.

It was the first time a sports team had fully embraced cryptocurrencies, according to the Heat.

Bitcoin For Food And Tickets.

Mr Nelkovski told, ‘If they want to be paid 10% in Bitcoin and 90% in cash, we can do that.’ ‘We’ll set it up the way each player or member of the staff wants it.’

‘We’re confident that in five years time it won’t be just our players but pretty much every professional athlete will be having part or all of their salaries paid in Bitcoin.’

For food and drink, as well as merchandise and sponsorship partnerships, the Heat will take Bitcoin.

Recently Steve posted a photo on Twitter holding his wage document paid in Bitcoin.

The Franchise Will Save Transaction Fees Through Bitcoin

Mr Nelkovski explained that the new arrangement, which would take effect on Friday, would eliminate the requirement for international players to register a bank account when they landed in Australia.

He also mentioned that the team would save money by avoiding the high transaction fees associated with typical payment methods.

The world’s two biggest cryptocurrencies, Bitcoin and Ethereum, remained sluggish on Wednesday, hovering near critical levels that analysts fear could signal additional vulnerability.

The Heat are one of the most successful clubs in the Australian Baseball League, having won four titles since its creation in 2010.

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