The Australian Baseball League's Perth Heat is set to become the first team in professional sport to pay employees in Bitcoin.
Players and staff will be offered the opportunity to receive their salaries in Bitcoin, or a combination of Bitcoin and traditional payment methods.
"We can set their allocations if they want to be paid part in Bitcoin, part in cash - we can do that," Heat chief executive Steve Nelkovski told the ABC.
"If they want to be paid 10 percent in Bitcoin and 90 percent cash, we can do that.
"We're confident that in five years time it won't be just our players but pretty much every professional athlete will be having part or all of their salaries paid in Bitcoin."
Perth Heat Chief Bitcoin Officer Patrick O'Sullivan said the Heat was committed to exploring further cryptocurrency opportunities.
"This is not a one-off purchase to hedge against future uncertainties or inflationary pressures," he said in a club statement.
"The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain."
Perth Heat will also accept Bitcoin for a range of items including merchandise and ballpark treats such as hotdogs, peanuts and crackerjacks.
The fabled volatility of the currency has been taken into consideration, with technology allowing payments to be made instantly on the current value of Bitcoin.
"Given how instant the payments are on the Lightning Network, we can safeguard ourselves against that and pay what is the required salary or wage for that week or fortnight - or whatever it might be - so that they'll be protected against any fluctuations within the Bitcoin price," Nelkovski explained.
"We need to pay, say a certain player 'X' amount on that day, and he'll be paid that in Bitcoin.
"Now, if he decides to hold the Bitcoin and that loses value in a week's time, well that's his decision, in the same way if you hold it and the price goes up."