Perth Heat to pay players and staff in Bitcoin

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November 17 (Businesshala) – Perth Heat, one of the most successful Australian Baseball League sides, entered the cryptocurrency market on Wednesday by saying that they will pay players and staff in bitcoin, saying they are the first to do so in the world. Was the first team.

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Heat, who has won four ABL championships in the modern era, said he had partnered with bitcoin company OpenNode to accept and send bitcoin payments powered by the Lightning Network.

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Cryptocurrencies are slowly showing up in the world of sports, for example, with Italian football teams making sponsorship deals with crypto exchange firms.

However, Heat said this is the first time a team has fully embraced cryptocurrency, envisioning a future where fans can also pay for goods and food in a game with bitcoin.

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Heat CEO Steven Nelkowski said in a statement, “We know the community views Heat as a model of success and hope that the adoption of the bitcoin standard will inspire others to adopt a monetary system that creates value. demands.” Statement,

“Players and organizational staff have fully embraced the opportunity to be paid in bitcoin.”

Payment in bitcoin is not supposed to be mandatory – which may come as a relief given the volatility of the cryptocurrency market.

Bitcoin and Ether, the world’s two biggest cryptocurrencies, remained weak on Wednesday and analysts believe it could weaken further if breaches occur.

The new season of ABL was about to start this week. However, last month it was announced that it would be canceled for the second year in a row due to the COVID-19 restrictions in Australia.

Reporting by Christian Rednage; Editing by Shreevatsa Sridhar

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