Australian baseball club Perth Heat will use bitcoin to pay athletes


Australian baseball club Perth Heat announced a partnership with Bitcoin payment processor OpenNode to accept and pay Bitcoin (Bitcoin). The partnership allows the Perth Heat to pay professional players and employees in Bitcoin.

according to According to the announcement, professional sports clubs will send and receive bitcoin payments via the Lightning Network. In addition, the partnership with OpenNode allows the Perth Heat to accept Bitcoin payments for sponsorship, merchandise, and other revenue streams.

Furthermore, the Perth Heat also renamed itself the “Bitcoin Baseball Team.”

The club also lists Bitcoin-branded merchandise on its official website. The announcement shows a long-term commitment to mainstream Bitcoin adoption:

“As an exclusive part of this sports world, the Perth Heat will keep Bitcoin on the club’s balance sheet.”

Steven Nelkovski, CEO of Perth Heat, believes that embracing the fundamental value of the Bitcoin protocol “will inspire others to accept a currency system that requires value creation to thrive.” According to the club’s “Chief Bitcoin Officer” Patrick O’Sullivan said:

“The club has established an initial position in BTC to help ensure its digital property rights on the world’s most secure currency network, and will continue to reinvest available capital into Bitcoin. The Perth Heat are accepting this reality , That is, the future of currency and corporate treasury bonds will exist on the Bitcoin blockchain.”

related: Australian senator pushes the country to become the next cryptocurrency hub

Land Down Under has stepped up its efforts Allow regulated cryptocurrency to be adopted this yearOn October 20, the Australian Senate committee called for a thorough reform of encryption legislation and licensing.

As Cointelegraph reported a few days later, the Australian Securities and Investments Commission also issued a guideline to give Bitcoin and Ethereum the green light (Ethereum) Products based on exchange transactions:

“As of October 2021, Bitcoin and Ethereum seem likely to meet all five factors mentioned above to determine the appropriate underlying assets for ETP. We expect the range of non-financial product crypto assets that can meet these factors will evolve over time expand.”

A recent survey conducted by Crypto.com also found that Australian citizens are also keen to explore crypto investment. Of the 2,020 Australians aged 18 to 59 surveyed, 26% answered that they would consider giving some gifts or buying cryptocurrency-related gifts on Christmas Day.

According to Karl Mohan, General Manager of Crypto.com, “Australians are obviously very keen to adopt cryptocurrencies and integrate their use into their daily expenses.”