Australian baseball club Birth Heat has announced a partnership with Bitcoin payment processor OpenNode to accept and process Bitcoin (BTC) payments. The partnership allows Perth Heat to pay the salaries of professional players and employees in Bitcoin.
According to the announcement, the professional sports club will send and receive bitcoin payments via the Lightning Network. Additionally, the partnership with the OpenNode Perth Heat organization allows Bitcoin payments to be accepted for sponsorships, merchandise sales, and other sources of income.
To take it a step further, the Birth Heat has renamed itself the “Bitcoin Baseball Team.”
The club has published products under the Bitcoin brand on its official website. The statement says this is evidence of a long-term commitment to the massive adoption of Bitcoin:
“As part of this exclusive mathematical world, the Perth Heat will have bitcoins on its balance sheet.”
Stephen Nelkowski, CEO of Perth Heat, believes that embracing the core values of the Bitcoin protocol “will inspire others to adopt a monetary system that requires value creation to thrive.” In the words of the club’s “Bitcoin Manager” Patrick O’Sullivan:
“The club has already taken the lead in BTC to protect its digital property rights in the world’s most secure money network, and will continue to reinvest its available capital in bitcoins. BirthHeat is embracing the fact that the future of money and corporate taxation will live on the Bitcoin blockchain.”
About it: Australian Senators are pushing the country to become the next Cryptocurrency hub
Land Down Under has ramped up its efforts this year to allow for the orderly adoption of the cryptocurrency. On October 20, a committee of the Australian Senate demanded a comprehensive overhaul of the legislation and licensing of crypto.
As Cointelegraph told Cointelegraph a few days later, the Australian Securities and Investment Commission also released a guide highlighting Bitcoin and Ether (ETH) based Exchange Traded Products (ETP):
As of October 2021, it appears that Bitcoin and Ether will reflect all five factors mentioned above to determine the corresponding underlying ETP assets. We expect the range of non-financial grocery cryptocurrencies that meet these factors to expand over time. ”
A recent survey by Crypto.com found that Australian citizens are equally interested in learning about cryptocurrencies. Among Australians aged 18-59 surveyed in 2020, 26% said they would consider giving cryptocurrency for Christmas or buying crypto-related gifts.
According to Carl Mohan, Managing Director of Crypto.com, “Australians are clearly very interested in introducing cryptocurrencies and integrating their use into everyday spending.”