Cryptocurrency is shortly rising into a really regular a part of life. From plain investing to paying pals and shopping for items on the web, there’s all the time a technique to spend your cash—together with paying a $5-million ransom to get a pipeline again on-line. Hell, you would even buy a Tesla with Bitcoin—effectively, you might till CEO Elon Musk decided to not settle for it.
At this time, it seems you too can get a paycheck in cryptocurrency, so so long as you are NASCAR racing driver Landon Cassill.
On Thursday, Cassill revealed that he reached an settlement with cryptocurrency alternate Voyager. In alternate for a 19-race sponsorship deal that begins at Nashville Superspeedway, Cassill might be obtain a completely cryptocurrency-backed compensation package deal, paid out as a “portfolio of digital property” largely consisting of Bitcoin and Litecoin. Whereas the driving force did not disclose the quantity agreed upon, he did observe that Voyager was paying “market price” regardless of the unorthodox cost technique.
Whereas Cassill may not have as heavy as thumb on the crypto scales as Musk, he actually is among the most notable crypto-positive figures in NASCAR. His twitter feed is lined with pro-Bitcoin information (regardless of his bio warning that he is not giving out monetary recommendation), and he talks about beforehand mining bitcoin in his basement. It additionally seems he is good pals with Charlie Lee, the creator of Litecoin and former Director of Engineering at CoinBase. Actually not the norm with regards to racing.
The take care of Voyager comes two years after Cassill met CEO Steve Ehrlich at a cryptocurrency convention. For the reason that assembly Ehrlich had been reportedly pitching the concept of the sponsorship earlier than lastly convincing the driving force to chew.
“I can commerce it out straight away earlier than the market modifications or hold on to it because the market goes up or goes down, carve out somewhat bit, pay my payments with it and maintain the remaining,” mentioned Cassill, noting that he has no hesitation of constructing the take care of digital forex as a substitute of money.
Cassill may be the primary driver to be totally paid in crypto, however this is not the primary time that digital forex has made it onto the oval. In 2014, the notorious Dogecoin car driven by NASCAR Dash Cup Driver Josh Sensible hit the monitor, and earlier this 12 months a automotive pushed by Rinus VeeKay took prime 10 within the Indy 500.
Regardless, many cryptocurrency advocates like Cassill consider that extra publicity is nice for digital forex—whether or not or not it’s Bitcoin, Litecoin, Dogecoin, or another upstart altcoin seeking to break into the mainstream.
Acquired a tip or query for the creator? Contact them immediately: firstname.lastname@example.org