Australian baseball club to pay players in BTC

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1 minute read

What

Australian baseball club Perth Heat has announced that it will accept and make payments in Bitcoin.

Why

Perth Heat is looking to establish itself as “the Bitcoin baseball team,” and has listed Bitcoin-branded merchandise on its official website.

What next

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).

The story

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.”

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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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