Bitcoin company that provides financial services to businesses, NYDIG, announced its partnership with the New York Yankees Major League Baseball team to allow employees to convert their paychecks or salary into Bitcoin (BTC).
The Bitcoin company exposes that 36% of employees under the age of 30 “are interested” in allocating a portion of their salary in BTC, and 1 in 3 employees revealed that choosing between two identical jobs, they would choose the one that provides them with a salary in Bitcoin.
Kelly Brewster, NYDIG’s chief marketing officer, said:
“We are proud to partner with our hometown team and an iconic sports franchise, the Yankees, to further our mission of bringing Bitcoin to everyone. For Yankees employees and beyond, the opportunity to allocate a small portion of their paycheck to a Bitcoin Savings Plan can be one of the most efficient ways to save BTC and dollar cost averaging can smooth out the hurdles along the way.”
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) July 14, 2022
Employees of the iconic baseball team will now be able to convert their salary into the cryptocurrency through NYDIG’s “Bitcoin Saving Plan (BSP),” with no transaction fees or commissions.
Earlier this year, the U.S. Securities and Exchange Commission (SEC) delayed its decision on the NYDIG Bitcoin ETF. This is yet another Bitcoin ETF decision that has been delayed by the regulatory body.
The SEC argued that it prioritized “investor protection.” Even, Chairman Gary Gensler previously told the U.S. Congress, that the crypto market needs more protection for investors. However, some have said that these delays could have consequences for the market, including SEC Commissioner Hester Peirce.
The agreement between the New York Yankees will also allow the team’s employees to generate savings plans in Bitcoin, a tool being used by large companies in the United States for retirement plans.
In this regard, Aryn Sobo, vice president of human resources, employment and labor law for the Yankees, expressed:
“We are always looking for innovative ways to expand and enhance our employees’ experience. NYDIG made it easy to add Bitcoin to our list of benefits and we look forward to leveraging the NYDIG platform to offer this opportunity to our employees.”
Our workforce study found that 31% of workers under 30 would prefer to work for a company that offers #Bitcoin benefits. Read the full #BitcoinBenefits study here https://t.co/CldKer1eaU pic.twitter.com/yydWrfOctp
— NYDIG (@NYDIG) July 12, 2022
The NYDIG executive commended the New York Yankees board for understanding the competitive opportunities and value of providing a bitcoin savings method for their workers.
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