NASCAR Driver Landon Cassill Decides to Take Salary in Crypto

Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term are penetrating more and more into sports as American race car driver, Landon Cassill recently partnered with a crypto exchange, Voyager Digital, agreeing to receive part of his salary in digital currencies.

Announced on Thursday, Voyager has signed a 19-race sponsorship deal with Cassill and his racing team JD Motorsports.

Voyager detailed that the payment to Cassill and JD Motorsports will be made with a portfolio of cryptocurrencies that will include Litecoin and Voyager Token. He is becoming the first race driver to receive Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term in crypto.

“Well, I mean, there is risk in holding cryptocurrency as there is with any stock or any investment,” Cassill said in a statement. “But for me, it’s something I’m familiar with, I’m comfortable with, and I feel like I have a good handle on what I’m willing to risk, and what I need to pay my bills.”

The extent of the sponsorship deal will go beyond the payments as Cassill’s car will feature its first Voyager paint scheme in Saturday’s Tennessee Lottery 250.

Additionally, the 31-year old is interested in crypto beyond the race tracks and added the ‘laser eyes’ to his Twitter picture, showing his bullish stance towards digital currencies. Moreover, he tweeted that he started to mine Bitcoin in his basement.

Sports and Crypto

Racing is one of the popular sports that attract a lot of eyeballs in the US and abroad. Jack Dorsey’s Square is promoting its Bitcoin exchange services with NASCAR sponsorship.

“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.

Meanwhile, a few crypto exchanges are sponsoring major international racing teams to promote their brands to the global audience.