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Australian Baseball Club Perth Heat To Pay Athletes In Bitcoin

Australia ASIC Australian
Australia ASIC Australian

Australian Baseball League team, Perth Heat, has proposed to pay its players and staff in Bitcoin. The players will be allowed to choose whether to receive their payments in Bitcoin or in fiat currency, which has been the conventional method. Pert Heat says it will become the first professional sort club to start paying players in Bitcoin.

The club had also appointed a chief Bitcoin officer to oversee the plans. Pert Heat’s boss, Steve Nelkovski, stated that many of the players and staff have already welcomed the idea. Additionally, people can also use Bitcoin to pay for drinks and food at the ballpark.

“We can set their allocations if they want to be paid part in Bitcoin, part in cash — we can do that,” Steve added.

Players Are Allowed To Accept Payment In Bitcoin Or Fiat

The club has also put a mechanism in place that would allow the players to accept either Bitcoin payments or fiat payments, or a combination of both options.

Moreover, The Heat will be opening its balance sheet to Bitcoin. That means people or organizations can now pay for merchandise and sponsorships in Bitcoin.

Steve noted that the club hopes to see that both the players and every professional athlete in the sports are paid in Bitcoin.

Steve further clarified that the decision of the club has nothing to do with guarding against inflationary pressures or future uncertainties. According to him, The Perth Heat wants to embrace the reality that the future of corporate treasuries and all forms of money live on the Bitcoin blockchain.

Perth Heat To Exploit More Crypto Opportunities

Deputy Bitcoin officer for Perth Heat, Patrick O’Sullivan, stated that the club wants to explore other opportunities in the use of cryptocurrencies. This is coming at a period when the interest in Bitcoin has grown very high both within the industry and the mainstream.

Although the price of the toke has fallen by about 11% to under $60,000 within the past week, interest in the token is still very high.

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