New York Yankees employees can save bitcoin through cooperation with NYDIG

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.

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.

  • Gabriele Spapperi

    Gabriele Spapperi is a veteran cryptocurrency investor and blockchain technology specialist. He became fascinated with Bitcoin and distributed ledgers while studying computer science at MIT in 2011.

    Since 2013, Gabriele has actively traded major cryptocurrencies and identified early-stage projects to invest in. He contributes articles to leading fintech publications sharing his insights on blockchain technology, crypto markets, and trading strategies.

    With over a decade of experience in the crypto space, Gabriele provides reliable insights and analysis on the latest developments in digital assets and blockchain platforms. When he's not analyzing crypto markets, Gabriele enjoys travel, golf, and fine wine. He currently resides in Austin, Texas.

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