"There are a handful of pilots who like crypto, but I am probably one
of the ones who has been around long enough and I am quite comfortable
with how it works," said Landon Cassill.
Landon Cassill, a professional race car driver in NASCAR’s Xfinity
Series, will be receiving part of his salary in Bitcoin and Litecoin as
part of a sponsorship with crypto broker Voyager.
According to a Thursday report from the Associated Press, Voyager has finalized
a 19-year agreement to sponsor Cassill starting this weekend at the
NASCAR race at the Nashville Superspeedway. Cassill said the firm would
pay for the deal entirely in crypto, with a "portfolio of various
digital assets" that includes Bitcoin (BTC) and Litecoin (LTC).
The
NASCAR driver was reportedly already “very active” in the Litecoin
market as well that of other tokens and has made significant gains for
several years. His Twitter profile picture shows the 31-year-old in
racing gear with laser eyes — an indication on social media of being
interested in crypto.
"There are a handful of pilots who like crypto, but I am probably one
of the ones who has been around long enough and I am quite comfortable
with how it works," said Cassill. "I can trade it right away before the
market changes or hold on to it while the market goes up or down, take
out a little, pay my bills with it and keep the rest."
Related: Bitcoin car will race at the Indianapolis 500
Other NASCAR drivers have formed relationships with crypto firms over the years. In 2020, Twitter CEO Jack Dorsey previewed Square's Cash App car
to be driven by Darrell “Bubba” Wallace in a NASCAR racing series — the
vehicle featured at least two BTC logos. In addition, race car driver
Ed Carpenter drove Zap CEO Jack Mallers’ “orange-spotted,
Bitcoin-covered, engineering beast” at the Indy 500 last month.
Carpenter and others attended the Bitcoin 2021 conference in Miami after
the event.
source link : https://cointelegraph.com/news/nascar-driver-opts-for-crypto-payment-in-sponsorship-deal
