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December 3, 2021
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Bitcoin

Australian baseball club to use Bitcoin as payment method for athletes

The new addition also includes other employees of the team.

Australian baseball club Perth Heat announced a partnership with OpenNode, which works with Bitcoin payments through the Lightning Network, an innovative technology that performs transfers in a matter of moments, with fees bordering on zero.

With this, it will be possible to pay athletes and other members of the club’s team in a fast, simplified and secure way.

Using OpenNode to make payments to the team also guarantees the club the possibility to receive funds in Bitcoin from sponsors, resellers of customized products and many other scenarios.

HODL

Second information Officials, the club claims this is the first time in the world that a club has fully embraced cryptocurrencies. The aim of the enthusiasts is to ensure that, in the not-too-distant future, fans can pay for their tickets and their consumption inside the stadiums through digital assets.

“We know the community looks to the Heat as a successful model; we hope that adopting Bitcoin as the standard model will inspire others to embrace the monetary model that requires value creation to thrive,” said Steven Nelkovski, CEO of Perth Heat.

Finally, Nelkovski says the entire team is engaged with the initiative and understands the benefits of receiving Bitcoin as payment for their work.

In addition, the club also said that it will keep BTC in its portfolio to take advantage of its future appreciation.

power of choice

As this is a decentralized economy, in which users have complete autonomy to choose their favorite digital assets, it would not make sense to make their acceptance mandatory. Fortunately, cryptocurrency payments are not mandatory.

If the team member is not comfortable – at least not yet – with getting paid in this way, they can ask for their salary in fiat currency.

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