Australian baseball club Perth Heat has announced that it will accept and make payments in Bitcoin.
Perth Heat is looking to establish itself as “the Bitcoin baseball team,” and has listed Bitcoin-branded merchandise on its official website.
Australia has been ramping up efforts to allow regulated crypto adoption, with the Securities and Investments Commission having recently released a guideline that greenlit Bitcoin and Ether (ETH)-based exchange-traded products (ETPs).
Australian baseball club Perth Heat has announced a partnership with Bitcoin payment processor OpenNode to accept and make payments in Bitcoin. This partnership will enable the club to pay Perth Heat players and staff in BTC.
According to the announcement, the sports club will use the Lightning Network to make transactions. In addition, Perth Heat will be able to accept payments made in BTC for sponsorships, merchandise and other revenue streams.
In the announcement, the club also made clear its long-term commitment to mainstream adoption:
“As part of this sporting world exclusive, Perth Heat will hodl Bitcoin on the club’s balance sheet. The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain.”