Red Bull Announces World’s First Formula 1 Cryptocurrency Sponsorship Deal
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Red Bull Announces World’s First Formula 1 Cryptocurrency Sponsorship Deal

THELOGICALINDIAN - Red Bull Aston Martin accept appear a affiliation amid themselves and a cryptocurrency aggregation The accord amid FuturoCoin and the sixthmostwinning car constructors in the antagonism championship is the aboriginal of its affectionate for Formula 1

Whilst added antic teams accept additionally started to embrace blockchain technology and agenda assets in some way, crypto’s disruption of able sports charcoal niche. Perhaps with a huge name like Red Bull Aston Martin announcement their latest crypto sponsor, added teams from added sports will seek agnate opportunities to analyze cutting-edge technology activity forward.

FuturoCoin Becomes First Digital Asset Firm to Sponsor F1

According to a adventure in antagonism account advertisement The Checkered Flag, Red Bull Aston Martin has become the aboriginal Formula 1 aggregation to accomplice with a cryptocurrency company. The activity alcohol firm-turned multi-sport-sponsors will be alive with the little accepted agenda asset Futurocoin activity forward.

For those unaware, Futurocoin is based on the aforementioned cipher as the added accustomed agenda currency, DASH. It claims to accommodate users four additional transaction times and low anchored fees.

The Team Principal of Red Bull Racing, Christian Horner, declared the afterward about the new partnership:

“In contempo years, the acceleration of blockchain technology and cryptocurrencies has been absolutely remarkable, and we’re captivated to be the aboriginal Formula One aggregation to embrace this, through our affiliation with FuturoCoin.”

Similarly optimistic about the affiliation is Paulina Woźniak, CEO of FuturoCoin’s administration company. She declared the afterward with commendations the deal:

“We are actual appreciative that FuturoCoin will be the aboriginal cryptocurrency in the apple to arise on a Formula One car. In addition, we are attractive advanced to alive alongside Aston Martin Red Bull Racing, a celebrated cast that is recognised beyond the world.”

Professional Sports Slowly Embracing Blockchain and Cryptocurrency

The affiliation amid Red Bull Aston Martin and FuturoCoin ability be a aboriginal for Formula 1. However, it is absolutely not the alone time a able sports aggregation has bidding agnate absorption in blockchain technology or cryptocurrency.

Last year, NewsBTC appear on several belief of antic clubs authoritative moves to analyze the banking and abstruse innovation. Last summer, Italian football club Rimini FC became the aboriginal aggregation to be bought application cryptocurrency. Then in October, French football club Paris Saint-Germain abundant affairs to barrage its own agenda asset.

In added sport-related cryptocurrency news, NBA aggregation the Sacramento Kings became the aboriginal able sports club to abundance agenda assets from their own amphitheater in June 2018. The club angry allotment of their advanced antic area into a abstracts centre, with profits generated activity appear bounded accommodating causes.

 

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