Australian Baseball Club First to Operate On A Bitcoin Standard Integrates Lightning

Australian Baseball Club First to Operate On A Bitcoin Standard Integrates Lightning

Technology
November 21, 2021 by mvp00
27
ABL’s most successful club has embarked on a Bitcoin standard, shifting its corporate treasury from dollars to bitcoin. “The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain,” its chief bitcoin officer said. The club will pay players and staff in bitcoin, accept BTC
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  • ABL’s most successful club has embarked on a Bitcoin standard, shifting its corporate treasury from dollars to bitcoin.
  • “The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain,” its chief bitcoin officer said.
  • The club will pay players and staff in bitcoin, accept BTC for payments, and hold bitcoin in its balance sheet.

Australian Baseball League’s most successful club, the Perth Heat, has embarked on a Bitcoin standard, the company said in a statement sent to Bitcoin Magazine, a first in the sports world. The Heat will fully integrate the Bitcoin and Lightning networks into its operations to hold bitcoin in its balance sheet, accept BTC payments, and pay players and staff in bitcoin.

“In partnership with OpenNode, the Perth Heat is setting Bitcoin as the new standard for payments and payouts,” per the statement.



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