The New York Yankees will receive bitcoin payroll services from NYDIG.
On July 14, 2022, bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the company had signed a multi-year agreement with Major League Baseball (MLB) team the New York Yankees. According to the partnership announcement, NYDIG will become the “official baseball platform of the professional baseball team’s bitcoin”.The company entered into a multi-year partnership with U.S. baseball team New York Yankees, according to a report by bitcoin company NYDIG on Thursday. NYDIG says the deal will give Yankee employees access to the Bitcoin Savings Plan (BSP).BSP’s NYDIG product allows members of the Yankees organization to convert a portion of their salaries into Bitcoin (BTC). Employees can access this benefit through the NYDIG platform and there are no transaction or maintenance fees with the BSP product. NYDIG claims that “dozens of leading companies” are already using NYDIG’s BSP services.
The move comes at a time when young employees prefer to receive a portion of their salary in Bitcoin. In mid-November 2021, NYDIG partners with the National Basketball Association (NBA) ‘s Houston Rockets. A few weeks before the Rockets deal, the fintech company focused on bitcoin announced that it is partnering with MVB Bank to offer bitcoin solutions from third-party white labels. On Thursday, NYDIG Chief Marketing Officer Kelly Brewster said the company is looking forward to working with American Baseball. “We are proud to partner with our hometown team and the Yankees’ iconic sports franchise to advance our mission to bring Bitcoin to everyone, ”Brewster said in a statement. NYDIG is committed to helping our clients realize the full potential of Bitcoin while providing the services and standards that our name is associated with trust. For Yankee workers and more, being able to put a small portion of your salary into a Bitcoin savings plan is one of the best ways to save Bitcoin, and a dollar cost average can reduce the likelihood. added the NYDIG administrator.