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NYDIG to Provide the New York Yankees With Bitcoin Payroll Services – Bitcoin News


On July 14, 2022, bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that it had signed a multi-year agreement with the New York Yankees Major League Baseball (MLB) team. According to the partnership announcement, NYDIG will be the “official bitcoin payroll platform” for professional baseball.

NYDIG Apply Multi-Year Partnership Agreement with MLB’s New York Yankees

According to bitcoin company NYDIG’s notification on Thursday, the company signed a multi-year partnership with the American baseball team New York Yankees. NYDIG says that the deal will give Yankees employees access to the company’s Bitcoin Savings Plan (BSP).

The BSP product from NYDIG will give Yankees members the ability to convert part of their paychecks into bitcoin (BTC). Employees can access this benefit through the NYDIG platform and there are no transaction or storage fees associated with BSP products. The NYDIG says that “dozens of top companies” have taken advantage of NYDIG’s BSP service benefits.

NYDIG Offers New York Yankees Bitcoin Payroll Service
The New York Yankees are an American baseball team founded 121 years ago in 1901, and are part of the American League (AL) East.

Aryn Sobo, vice president of human resources, employment and employment law for the Yankees, detailed that the baseball club is “always looking for innovative ways to expand and improve the employee experience.” This move comes at a time when young employees are choosing to receive a portion of their salary BTC. Research by NYDIG indicates that 36% of employees under the age of 30 are interested in this form of payment. Sobo further commented that “NYDIG has made it easy to add Bitcoin to our list of benefits.”

Yankees vice president of human resources added:

We look forward to leveraging the NYDIG platform to provide this opportunity for our employees.

NYDIG CEO Says ‘Corporate Savings Plans Can Be One of the Most Effective Ways to Save Bitcoin’

NYDIG’s deal with the New York Yankees isn’t the first time the company has partnered with a sports franchise. In mid-November 2021, NYDIG co-operate with the Houston Rockets of the National Basketball Association (NBA). A few weeks before the deal with Rockets, the fintech company focused on bitcoin disclosure that they have partnered with MVB bank to provide white label bitcoin solutions to third parties. On Thursday, Kelly Brewster, NYDIG’s chief marketing officer, said the company looks forward to working with the American baseball team.

“We are proud to partner with our hometown team and iconic sports brand, the Yankees, to continue 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 service and standards that have made our name synonymous with trust. For Yankees employees and beyond, the opportunity to allocate a small portion of their salary to a Bitcoin Savings Plan can be one of the most effective ways to save bitcoin and average dollar costs. la can reduce the bumps in the process,” added the NYDIG CEO.

Cards in this story

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What do you think about NYDIG’s partnership with the New York Yankees American baseball team? Let us know your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the crypto community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News about the groundbreaking protocols emerging today.




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