Australia’s major baseball team Perth Heat pays players in Bitcoin and holds Bitcoin on its balance sheet – News Bitcoin News
One of Australia’s most successful baseball teams, the Perth Heat, is adopting the Bitcoin standard. The team will use Bitcoin to pay the salaries of players and staff, accept cryptocurrency for payment, and hold Bitcoin on its balance sheet.
Perth Heat will run on Bitcoin standards
The Perth Heat, a major baseball team in the Australian Baseball League, announced on Wednesday that it will “operate on Bitcoin standards.”
This team is one of Australia’s most successful teams, working with Bitcoin payment company Opennode to accept and send Bitcoin payments supported by the Lightning Network. The team wrote: “In cooperation with Opennode, the Perth Heat set Bitcoin as the new standard for payments and spending.” According to the announcement:
The Perth Heat will use Bitcoin to pay players’ salaries, Bitcoin to pay employees’ salaries, and to accept Bitcoin for sponsorships, merchandise and stadium concessions. [and] Keep Bitcoin on the club’s balance sheet.
Steven Nelkowski, CEO of the Perth Heat, commented: “We firmly believe that our players, coaches, staff and our loyal fan base will feel the mentality that Bitcoin gives network participants. We look forward to setting standards for the value of a sport. Organizations can bring benefits to communities in the Bitcoin era.”
Patrick O’Sullivan, Chief Bitcoin Officer of the Perth Heat, believes:
The Perth Heat are committed to operating in accordance with Bitcoin standards and to transfer corporate funds from U.S. dollars to Bitcoin.
He clarified: “The club is already Bitcoin … This is not a one-time purchase to hedge against future uncertainty or inflationary pressures. The Perth Heat are accepting the reality that the future of currency and corporate bonds will exist on the Bitcoin blockchain. “
What do you think of the Perth Heat’s adoption of the Bitcoin standard? Do you think other teams will follow suit? Please let us know in the comments section below.
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