Perth Heat Players Will Get Salary With Bitcoin

Perth Heat, Australia's most successful baseball team, began paying its players in Bitcoin, becoming the first professional sports club worldwide to make such a move.

Payments will be processed on the Lightning Network, a “layer 2” payment protocol on top of the main chain with the help of the OpenNode platform. As part of the partnership, staff salaries, goods and meals will also be accepted in the largest cryptocurrency.

Patrick O’Sullivan, the newly appointed Bitcoin Chief Executive of the club, stated that this is not a “one-time” situation for hedging against inflation and made the following statements on the subject:

“This is not a one-time situation to hedge against future uncertainties or inflationary pressures. Perth Heat embraces the fact that the future of money and corporate treasures will live on the Bitcoin blockchain.”

Salary with Bitcoin is Increasing

Bitcoin supporter Miami Mayor Francis Suarez, who took some steps to integrate crypto into the city's operations, announced on his Twitter account that he would convert 100% of his next paycheck to Bitcoin.

A similar move came later from New York mayor Eric Adams. Adams stated on Bloomberg's radio show that he wants to launch a city-owned cryptocurrency. Separately, Adams announced on Twitter that New York will become the center of the cryptocurrency industry and other fast-growing innovative industries. He also announced that he will receive all of his first three salaries as Mayor of New York in Bitcoin.

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Also crowned as the most valuable player in the 2020 National Football League, Aaron Rodgers announced on his Instagram page that he will receive a portion of his $33.5 million salary in Bitcoin.