New York Yankees will Allow Employees to Convert Part of Paychecks into Bitcoin

New York Yankees will Allow Employees to Convert Part of Paychecks into Bitcoin


NYDIG has announced that it will become the official Bitcoin payroll platform for the New York Yankees as part of a multi-year agreement with the organization. The company will provide Yankees employees with access to NYDIG's Bitcoin Savings Plan (BSP).

NYDIG, a leading Bitcoin company, today announced a multi-year partnership with the New York Yankees to become the team's official Bitcoin Payroll Platform. The deal aligns the world's most iconic sports franchise with the most trusted name in Bitcoin by offering employees of the Yankees organization access to NYDIG's Bitcoin Savings Plan (BSP), the company said in a press release.

BSP is a workplace benefit that allows for employees to convert a portion of their paycheck to Bitcoin via the NYDIG platform, the company explained. Under the BSP offered by a participating employer, employees do not pay any transaction fees or fees for secure Bitcoin storage.

NYDIG study found that 36% of employees under the age of 30 said they would be interested in allocating part of their salary to Bitcoin. Nearly one in three of these employees said that when choosing between two identical jobs at different employers, they would choose an employer that would help them get paid in Bitcoin.

“We're proud to partner with our hometown team and an iconic sports franchise, the Yankees, to further our mission of bringing bitcoin to all,” said Kelly Brewster, chief marketing officer at NYDIG. “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 employees of the Yankees and beyond, the opportunity to allocate a small slice of their paycheck to a Bitcoin Savings Plan can be one of the most efficient ways to save bitcoin, and the dollar-cost averaging can smooth out the bumps along the way. We commend the Yankees for understanding the competitive opportunities and the value of providing bitcoin options for their organization.”

“We are always looking for innovative ways to expand and improve our employee experience,” said Aryn Sobo, Yankees Vice President, Human Resources, Employment & Labor Law. “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.”

© 2022, Eva Fox | Tesmanian. All rights reserved.


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About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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