A Sports Club Will Use Bitcoin To Pay Salaries
A sports club will use Bitcoin to pay salaries. In addition, fans will also be able to use Bitcoin for purchases.
Perth Heat, one of Australia's leading baseball teams, has announced that it will now pay their players with
Bitcoin. Perth Heat, one of Australia's successful baseball teams, will be able to receive payments in Bitcoin with the latest step taken from the club front.
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Within the framework of the partnership with OpenNode, Bitcoin payments to Perth Heat players will be made through the Lightning Network, which offers second-layer solutions. It will also be possible to pay for fan products and services in the stadium with Bitcoin. With this move, the Perth Heat became the first professional sports club worldwide to take such a step. In addition,
Perth Heat plans to keep Bitcoin on its balance sheet as part of the partnership. Perth Heat club Bitcoin Chief Executive Patrick O’Sullivan explained that this move was made as a hedge against inflation and was not a “one-off” thing.
Patrick O'Sullivan said, “This is not a one-time purchase to hedge against future uncertainties or inflationary pressures. Perth Heat embraces the fact that the future of money and corporate treasures will reside in Bitcoin.”
Founded in 1989, the Perth Heat has so far managed to bring 15 Claxton Shield trophies to its museum.