In a brand new 19-race take care of the Voyager crypto brokerage, Landon Cassill shall be paid solely in cryptocurrency. The partnership marks the primary deal of its form in Nascar, giving Cassill compensation in a portfolio of belongings that’s largely comprised of Bitcoin and Litecoin.
Don’t miss out on how good cash is taking part in the crypto sport. Subscribe to our premium e-newsletter – Crypto Investor.
Cassill has been concerned in the crypto business for a number of years and met the Voyager CEO, Steve Ehrlich, at a convention two years in the past the place Ehrlich first pitched the thought.
Ehrlich stated that Cassill shares widespread curiosity in cryptocurrency and believes in future adoption.
“Landon Cassill’s focus and dedication on the race observe interprets throughout all the things he does. Landon additionally shares our imaginative and prescient of widespread crypto adoption, and we’re proud to be the primary firm to safe a major NASCAR sponsorship fully with crypto.”
Cassill stated that he is been investing in cryptocurrency for years and has seen important features serving to to be extra snug with the Voyager deal
“There’s a handful of drivers which might be into crypto, however I’m in all probability one which’s been in it for lengthy sufficient that’s I’m fairly snug with the way it works,” stated Cassill. “Crypto platforms use a whole lot of social media and neighborhood constructing as advertising and marketing. The large corporations haven’t performed a whole lot of nationwide advert campaigns, so for Voyager to go after a nationwide advert marketing campaign is an indication that the house is actually beginning to department out.”
Cassill stated that he might use the crypto in quite a lot of methods and isn’t positive if he’ll maintain, use or promote.
“I can commerce it out instantly earlier than the market modifications or cling on to it because the market goes up or goes down, carve out a bit bit, pay my payments with it and maintain the remainder.”