NASCAR driver opts for crypto cost in sponsorship deal

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NASCAR driver opts for crypto cost in sponsorship deal

Landon Cassill, an expert race automotive driver in NASCAR’s Xfinity Sequence, can be receiving a part of his wage in Bitcoin and Litecoin as a par



Landon Cassill, an expert race automotive driver in NASCAR’s Xfinity Sequence, can be receiving a part of his wage in Bitcoin and Litecoin as a part of a sponsorship with crypto dealer Voyager.

In keeping with a Thursday report from the Related Press, Voyager has finalized a 19-year settlement to sponsor Cassill beginning this weekend on the NASCAR race on the Nashville Superspeedway. Cassill mentioned the agency would pay for the deal fully in crypto, with a “portfolio of assorted digital belongings” that features Bitcoin (BTC) and Litecoin (LTC).

The NASCAR driver was reportedly already “very lively” within the Litecoin market as effectively that of different tokens and has made vital positive factors for a number of years. His Twitter profile image exhibits the 31-year-old in racing gear with laser eyes — a sign on social media of being eager about crypto.

“There are a handful of pilots who like crypto, however I’m most likely one of many ones who has been round lengthy sufficient and I’m fairly comfy with the way it works,” mentioned Cassill. “I can commerce it immediately earlier than the market modifications or maintain on to it whereas the market goes up or down, take out a bit of, pay my payments with it and hold the remaining.”

Associated: Bitcoin automotive will race on the Indianapolis 500

Different NASCAR drivers have shaped relationships with crypto corporations through the years. In 2020, Twitter CEO Jack Dorsey previewed Sq.’s Money App automotive to be pushed by Darrell “Bubba” Wallace in a NASCAR racing collection — the automobile featured a minimum of two BTC logos. As well as, race automotive driver Ed Carpenter drove Zap CEO Jack Mallers’ “orange-spotted, Bitcoin-covered, engineering beast” on the Indy 500 final month. Carpenter and others attended the Bitcoin 2021 convention in Miami after the occasion.