Australia-based baseball team Perth Heat will pay its professional athletes and the staff using Bitcoin Lightning Network.
Perth Heat has formed an agreement with Bitcoin (BTC) payment processor OpenNode to receive and execute Bitcoin payments (BTC). Through the partnership, staff and professional athletes will be paid via Bitcoin (BTC).
As the announcement dictates, Perth Heat through the Bitcoin Lightning Network will be able to execute and accept Bitcoin (BTC) payments. Moreover, the agreement with OpenNode enables the professional baseball club to receive revenue streams outside of the organization via Bitcoin (BTC), such as merch and sponsorships among others.
Given this partnership, Perth Heat seems to be rebranded on the image of the Bitcoin (BTC) baseball club. The website of the club now features Bitcoin (BTC) merchandise. The announcement issued by the club highlights the dedication of Perth Heat to play a part in the mainstream Bitcoin (BTC) usage, stating that the balance sheet of Perth Heat will most surely show that the club will hold Bitcoin (BTC).
Perth Heat CEO, Steven Nelkovski is a firm believer in fully adopting the cardinal premises of Bitcoin (BTC) will have an impact in influencing more people out there to fully embrace Bitcoin (BTC) and its potential to create immense value.
Patrick O’Sullivan, the Chief Bitcoin Officer of Perth Heat stated that: “The club has already established an initial position in BTC to help secure its digital property rights on the world’s most secure monetary network and will continue to reinvest available capital into Bitcoin. The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain.”
Australia has made quite a few moves to regulate the crypto industry on a national level to match international efforts. A Senate committee in Australia urged for a thorough reform of crypto legislation and licensing last month on the 20th of October.
The Australian Securities and Investments Commission has also issued a guide that allows Bitcoin (BTC) and Ethereum (ETH) exchange-traded products to be listed on the stock exchange.
According to a recent poll performed by Crypto.com, Australian citizens are also interested in learning more about cryptocurrencies, where from a sample of 2,020 participants ranging from 18 to 59 years old, 26% answered that they would explore the option of purchasing crypto items or giving them away for the year-end holidays.