Rinus VeeKay

Indy 500 Drivers Discover That The Crypto Craze Fuels Sponsorship

Conor Daly, if he wins one of the most prestigious races in auto racing, would be happy to accept the seven-figure payoff awarded to the Indianapolis 500 winner and deposit traditional American cash directly into his bank.

Oh, and don’t forget to throw in some digital money.

Daly smiled and said, “We have bitcoin bonuses within our contract, so win,” “Then there will be some Bitcoin floating my way.”

IndyCar’s driver is one of a growing number who are getting into the crypto game. The shift to cryptocurrency sponsorship at Indy is still a strange concept for the nearly 300,000 people who will be there Sunday. Indy’s culture is more brick-based than bitcoin. However, new forms of digital currency help to pay the salaries and bills for athletes and teams inside the paddock.

Ed Carpenter, team owner, is a strong advocate for cryptocurrency. Ed Carpenter Racing, also known as the Bitcoin Racing Team in May, is more well-known because Rinus VeeKay and Daly both drive Chevrolets sponsored and owned by BitNile. BitNile owns and operates a data centre that mines Bitcoin.