Bitcoin Car Will Be In Indianapolis 500

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Millions of viewers will see a Bitcoin car compete for first place in this year’s Indianapolis 500.

IndyCar Series team Ed Carpenter Racing (ECR) has announced that it will enter the No. 21 Bitcoin Chevrolet, a black-and-orange race car adorned thoroughly with the Bitcoin logo, in the upcoming Indianapolis 500, to be held on May 30, 2021. It will be driven by 2020 NTT IndyCar Series Rookie of the Year Rinus VeeKay.

Source: Press release

ECR has also teamed with Lightning Network payments platform Strike to fundraise for Bitcoin development through the car, which will sport a QR code that fans can use to contribute funds. Of the money raised, 70% will go directly to developers contributing to Bitcoin projects via groups like the Human Rights Foundation, and the other 30% will go to ECR to cover race coasts and toward charitable causes in Indianapolis, a Strike representative told Bitcoin Magazine.

ECR is also the first IndyCar Series team to integrate bitcoin as a payment option for its employees.

“For Ed Carpenter Racing to form a strategic initiative to support the Bitcoin network while racing in the largest sporting event on earth is an unbelievable opportunity,” Ed Carpenter, an IndySeries driver and owner of ECR, told Bitcoin Magazine exclusively. “We are breaking the sponsorship model and will redefine ‘hold on for dear life’ as the Bitcoin car exceeds 230 miles per hour around the track. Playing a small role in the Bitcoin movement and giving the community something to root for is bigger than ECR and we’re humbled and honored to get the chance to do so on May 30.”


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