The New York Yankees has formed a partnership with NYDIG on a Bitcoin payroll option.
NYDIG, a subsidiary of Stone Ridge, is a digital asset platform that offers Bitcoin products and services to banks, Fintechs and more.
The multi-year partnership with the Yankees make NYDIG the team’s official Bitcoin Payroll Platform, offering employees of the Yankees access to NYDIG’s Bitcoin Savings Plan (BSP).
BSP is a workplace benefit provides an option for employees to convert a portion of their paycheck to Bitcoin via the NYDIG platform. Employees do not pay any transaction fees nor any fees for Bitcoin storage.
NYDIG states that their research indicates that 36% of employees under 30 said they would be interested in allocating a portion of their pay to Bitcoin.
Kelly Brewster, Chief Marketing Officer at NYDIG, commented:
“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. 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.”
Aryn Sobo, Yankees Vice President, Human Resources, Employment & Labor Law, explained thy are always looking for ways to improve their employee experience and NYDIG makes it easy to offer a Bitcoin feature as an option.