Voyager Digital Ltd (OTCMKTS: VYGVF) has sponsored the first Nascar driver and race car, and it used crypto to make the full payments. It is a record-setting opportunity for the company, considering that it is the first-time cryptocurrency has been used in such an undertaking.
Making the payment
Voyager takes great pride in signing the agreement signed with the driver called Landon Cassill, outlining that it paid using Litecoin (LTC) and the Voyager Token (VGX).
JD Motorsports happens to be the big name behind the fielded sponsored car, and Landon Cassill will be the man behind the steering wheel in the 2021 NASCAR Xfinity Series.
The CEO of Voyager, Steve Ehrlich, opines, “Landon Cassill’s focus and determination on the race track translates across everything he does, which is why we’re honored to partner with him in this season’s Xfinity Series.”
The officials disclose how Landon has always been a significant supporter of widespread crypto adoption. He takes great pride in his company’s success in leading the first company to use crypto to secure a primary NASCAR sponsorship.
According to the leader, Voyager has always been the sort of company keen on demonstrating crypto’s multiple use cases, and the latest achievement happens to be a game-changer.
Crypto’s shift
Analysts have been checking out the dynamics, and they attest that crypto is quickly turning out to become an efficient and valuable payment strategy.
The other impressive attribute about crypto happens to be its latest shift, where many people have started observing it as an asset class that supports a new technology dynamic.
Voyager reveals that Cassill will race with a #4 car. The car in question will promote the company’s name, considering the full Voyager-branded car wrap that most people expect.
The race cuts across about 16 states, with the initial one set for June 19, 2021. NBCSN will be airing the race live at 3:30 pm ET.
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