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The Perth Heat will pay professional baseball players and staff through the Bitcoin Lightning network.
Perth Heat, an Australian baseball team, announced a collaboration with Bitcoin payment processor OpenNode to accept and process Bitcoin (BTC) payments. The collaboration allows the Perth Heat to pay professional players and staff in Bitcoin.
According to the announcement, the professional sports club will send and receive payments in Bitcoin through the Lightning network. Additionally, the partnership with OpenNode enables the Perth Heat organization to accept Bitcoin payments for referrals, merchandise, and other sources of income.
To go further, Perth Heat has also rebranded itself as the “Bitcoin Baseball Team”.
The club has listed Bitcoin branded merchandise on its official website. Showing a long-term commitment to mainstream Bitcoin adoption, the ad stated:
“As part of this worldwide sport exclusive, Perth Heat will put Bitcoin on the club’s balance sheet. “
Steven Nelkovski, CEO of Perth Heat, believes that adopting the underlying values of the Bitcoin protocol “will inspire others to embrace a monetary system that requires value creation to thrive.” According to the club’s “Bitcoin division chief”, Patrick O’Sullivan:
“The club has already established an initial position in BTC to help secure its digital property rights over the world’s most secure monetary network and will continue to reinvest available capital in Bitcoin. The Perth Heat embrace the reality that the future of corporate money and cash will live on the Bitcoin blockchain. “
Australia has stepped up efforts this year to allow regulated use of cryptocurrency. On October 20, an Australian Senate committee called for a comprehensive review of crypto legislation and licensing.
As reported a few days later, the Australian Securities and Investments Commission also issued a directive allowing exchange traded products (ETP) based on Bitcoin and Ether (ETH):
“As of October 2021, Bitcoin and Ether appear likely to satisfy the five factors identified above to determine the appropriate underlying assets for an ETP. We expect the range of crypto assets from non-financial products that can satisfy these factors to expand over time. “
According to a recent study by Crypto.com, Australian citizens also want to know more about crypto assets. 26% of 2,020 Australians surveyed aged 18-59 said they would consider gifting crypto for Christmas or buying crypto-related gifts.
According to Crypto.com Managing Director Karl Mohan, “Australians are clearly very keen to embrace cryptocurrencies and build their use into everyday spending. “
