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

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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.

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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