Wednesday, December 8, 2021
Home Crypto News Market Australia Baseball Team Perth Heat Becomes First Professional Sports Club To Pay...

Australia Baseball Team Perth Heat Becomes First Professional Sports Club To Pay All Players And Staff Members In Bitcoin

- Advertisement -

Perth Heat baseball players and staff members are now paid in bitcoin.



Perth Heat, Australia’s most successful baseball team, began paying its players in Bitcoin, becoming the first professional sports club worldwide to do so.

CEO, Steven Nelkovski, told Guardian Australia:

“This is the first time a sports club has decided to go all-in on a bitcoin standard.”

The Guardian reports that Payments will be processed on the Lightning Network. Club employees will also receive salaries in the Bitcoin. Bitcoin will be accepted for the merchandise and ballpark food. Heat will also hold Bitcoin on its balance sheet.

Patrick O’Sullivan, the club’s newly appointed bitcoin chief executive said:

“This is not a one-off purchase to hedge against future uncertainties or inflationary pressures, The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the bitcoin blockchain.”

Founded in 1989, Perth Heat has managed to win 15 Claxton Shield trophies.

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Floki Inu To Be Seen At Least 210 Million Times After Floki New Partnership With Russian Most Famous Football Club

 Floki Inu announced a partnership with the Russian most famous Football club "Spartak-Moscow." window.coinzilla_display = window.coinzilla_display ||...

Dogecoin Entered Top 5 Most Searched Google News Queries of 2021

Dogecoin (DOGE) ranked fourth in the list of the most searched Google searches worldwide in the News category in 2021. trends.embed.renderTopChartsWidget("12671d45-ca76-450b-9ced-14f27b4587b4", {"geo":"GLOBAL","guestPath":"https://trends.google.com:443/trends/embed/"}, 2021);...

New Order Announces $NEWO Token Sale Through Dutch Auction On MISO

Toronto, Canada, 8th December, 2021, New Order, a community-driven venture DAO incubator for decentralized financial (DeFi) projects, announced the public sale of its governance...

Billionaire And Former Google CEO, Eric Schmidt Becomes Chainlink Strategic Advisor

Former Google CEO and Billionaire, Eric Schmidt has joined oracle provider Chainlink Labs as a strategic advisor. ...

Shiba Inu Games Became Partners With Australian Playside Studios

Playside Studios (PLY) shares price jumped more than 4% to $0.83 after Australia’s largest publicly listed video games developer entered into a material fixed...

Visa Is Launching An Advisory Practice That Will Help Further Mainstream Adoption Of Bitcoin And Other Digital Assets

Payment giant Visa has announced the launch of a new advisory division to help clients navigate the cryptocurrencies world reported by CNBC.

10% Of Americans Plan To Give Crypto On Christmas As Gift With Bitcoin #1 Choice For Holiday Gifting

Almost every tenth citizen of the United States is ready to give cryptocurrencies as a gift for the New Year, and every fourth is...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.