thecoinrepublic.com
- The New York Yankees have joined forces with NYDIG.
- Stone Ridge Holdings Group owns NYDIG.
- A survey showed that people are willing to accept Bitcoin as their salary.
New York Yankees Onboards Crypto Boat
NYDIG, an investment company, has joined hands with the prominent Major League baseball (MLB) team, New York Yankees. This collaboration will allow the players to receive a certain element of their salary in Bitcoin. The investment organization’s CMO stated that. “They are proud to have partnered with the home team.
Excited to announce that NYDIG is the official Bitcoin Payroll Platform of the New York @yankees. Using our Bitcoin Savings Plan, employees of the organization will be able to allocate a portion of their paycheck to #Bitcoin. For more information: https://t.co/26kITKNxXL pic.twitter.com/bCvoKxAkBT
— NYDIG (@NYDIG_BTC) July 14, 2022
NYDIG operations are primarily focused around Bitcoin. It is owned by Stone Ridge Holdings Group, an organization offering infrastructure solutions for other firms and monetary institutions seeking to operate within the BTC environment. The organization’s products involve the Bitcoin Savings Plan (BSP). Through this, New York Yankees staff and players can turn a particular part of their salary into the crypto asset.
As per NYDIG, the best part here is that clients won’t be required to pay any transaction fees. The organization’s CMO, Kelly Brewster stated that, “They are committed to make their clients understand the exact potential of Bitcoin, while offering standards and services which have established trust among their clients.
Young Generation Opting For Bitcoin
As per the organization’s research, 36% of the working population under the age of 30 is willing to accept a specific part of their wages or salaries in Bitcoin. Around one in every three folks in the survey stated that around 1 in every 3 participants said that, “They will choose the employer offering Bitcoin rather than fiat as their salaries.
The crypto market is going through a heavy downtrend for the past couple of months now, following the Terra (LUNA) collapse. Another reason for the downfall remains the liquidity crisis faced by various cryptocurrency organizations, involving Voyager Digital, Celsius, and 3AC. At the time of publishing, Bitcoin was trading at the market value of $20,812.49, down by 0.28% during the past hour.
The crypto winter doesn’t appear to fade away for quite some time now. But as many suggest, this is a highly volatile market and who knows what trickery it holds for the future.