Stakeholder EngagementAnnouncedNew York Yankees To Offer Bitcoin Savings Plan To Employees
Milestone Date: July 14, 2022
Iconic American baseball team, the New York Yankees, has announced that it will enable its employees to be paid in the most iconic crypto to date: Bitcoin. Through its multi-year partnership with NYDIG, a Bitcoin-only financial services firm, employees of the New York Yankees can elect to have a portion of their paycheck converted to Bitcoin with zero transaction fees.
The New York Yankees are officially the first MLB team to pay its employees in Bitcoin. "We are always looking for innovative ways to expand and improve our employee experience," stated Aryn Sobo, Yankees VP of Human Resources. "NYDIG made it easy to add Bitcoin to our roster of benefits, and we look forward to leveraging the NYDIG platform to offer this opportunity to our employees."
NYDIG allows enterprises who want to operate within the Bitcoin ecosystem to leverage its infrastructure to make it happen. Through this, NYDIG is offering its Bitcoin Savings Plan (BSP) to the world-famous MLB organization as its official Bitcoin Payroll Platform. The ability of Yankee’s employees to save Bitcoin via its BSP is efficient and cost-effective.
Legacy enterprises like MLB, and the New York Yankees specifically, providing Bitcoin payment options to their employees is a huge innovation and a competitive advantage. Adopting alternative payment options like a BSP could help enterprises attract and retain talent who are looking for innovative financial solutions.
By Elizabeth Morrison
Published:April 20, 2023
Sources
News
Bitcoin Magazine
Press Release
New York Digital Investment Group (NYDIG)