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Australia Baseball Team Sells All Their Dollars to Buy BTC

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After the Houston Rockets, one of the top NBA teams, announced it would pay its players with cryptocurrencies, another team, only now baseball, decided to do the same.

The most successful team in Australia, Perth Heat, is adopting BTC as a payment method for its players.

As announced by the company, the team will pay players and employees in cryptocurrency. In addition, it will accept BTC as payment and keep it on your balance sheet.

The team, one of the most successful in Australia, has partnered with BTC payments company Opennode. You will then be able to accept and send BTC payments provided by Lightning Network.

“In partnership with Opennode, Perth Heat is setting BTC as the new standard for payments,” the team wrote.

Perth Heat

According to Perth Heat CEO Steven Nelkovski, the team believes in BTC’s potential. At the same time, he believes the team’s fans must also approve of the move around the cryptocurrency.

“We firmly believe that the mindset BTC conveys to network participants will be felt by our players, coaches, staff and our loyal fan base,” he said.

Perth Heat BTC Director Patrick O’Sullivan also highlighted that the team is committed to BTC. And in doing so, it’s shifting corporate treasury from dollars to BTC.

“The club has already established an initial position in the BTC. This is not a one-off purchase to hedge against future uncertainty or inflationary pressures. Perth Heat is embracing the reality that the future of corporate money and treasury will live on the BTC blockchain.”

In this way, the team becomes the first in the world to change all its dollar assets to BTC.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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