Last Updated: 15 July 2022
The New York Yankees, an American baseball club, has entered into a partnership with bitcoin company NYDIG. They are going to pay their employees in bitcoin.
Saving bitcoin with salary
NYDIG is also from the American city; the abbreviation stands for New York Digital Investment Group. Together with the baseball giant, they are working on the adoption of bitcoin. So says Aryn Sobo, the VP of Human Resources for the Yankees:
“We are always looking for innovative ways to expand and improve the experience for our employees. NYDIG has made it easy to offer bitcoin, and we look forward to using the NYDIG platform to provide this opportunity to our employees.”
Organisations like the Yankees that don’t have the infrastructure to pay out a portion of their employees’ salaries in bitcoin can turn to companies like NYDIG to do so.
— Zain Haider (@IZainHaider) July 14, 2022
It is a financial services company that offers bitcoin-only services. They have set up infrastructure that all kinds of companies can plug into. They have banks, credit unions, and payment processors in their customer base.
Now they are also offering their Bitcoin Savings Plan (BSP) to the world-famous Major League Baseball (MLB) team.
Employees of the Yankees can choose to be paid a portion of their salary in bitcoin.
“For employees of the Yankees and beyond, the ability to allocate a small portion of their salary to a BSP can be one of the most efficient ways to save bitcoin. It also removes the bumps around dollar cost averaging.”
More and more of these types of services are coming to market. Jack Maller’s Strike app is another such platform where you can have your salary paid out in bitcoin. Russell Okung is a well-known American football player who has linked up with this brand.