One of Australia’s most successful baseball teams, the Perth Heat, adopts the Bitcoin standard. The team will pay players and staff in bitcoin, accept cryptocurrency for payments, and keep bitcoin on its balance sheet.
The Perth Heat will run on the Bitcoin standard
The Perth Heat, a major baseball team in the Australian Baseball League, announced on Wednesday that it “will operate on the bitcoin standard.”
The team, which is one of Australia’s top performers, has partnered with Bitcoin payment firm Opennode to accept and send Bitcoin payments powered by the Lightning Network. “Partnering with Opennode, the Perth Heat is making bitcoin the new standard for payments and payments,” the team wrote. According to the ad:
Perth Heat will pay players in bitcoin, pay staff in bitcoin, accept bitcoin payments for baseball sponsorships, merchandise and concessions, [and] hodl bitcoin on the club’s balance sheet.
Perth Heat CEO Steven Nelkovski commented, “We have a firm belief that the mindset bitcoin brings to network participants will be felt by our players, coaches, staff and loyal fan base and we are eager to set the bar for a sport’s worth. organization can bring to a community in the age of bitcoin.
Patrick O’Sullivan, Director of Bitcoin at Perth Heat, said:
The Perth Heat is committed to operating under a bitcoin standard, and in doing so, shifts the company’s cash flow from dollars to bitcoin.
He clarified: “The club has already established an initial position in BTC… This is not a one-off purchase to guard against future uncertainties or inflationary pressures. The Perth Heat embrace the reality that the future of corporate money and cash will live 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? Let us know in the comments section below.
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