{"id":42516,"date":"2021-05-14T18:10:02","date_gmt":"2021-05-14T15:10:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42516"},"modified":"2025-08-30T23:33:14","modified_gmt":"2025-08-30T20:33:14","slug":"bitcoin-branded-indycar-car-to-race-in-indycar-for-the-first-time","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-branded-indycar-car-to-race-in-indycar-for-the-first-time\/","title":{"rendered":"Bitcoin-branded IndyCar car to race in IndyCar for the first time"},"content":{"rendered":"<p>The Ed Carpenter Racing (ECR) team has raised funds to participate in another IndyCar race through Bitcoin donations. To this end, the outfit partnered with Strike, a service from the Zap startup.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">As the supply of <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is fixed at 21 million with no more to ever be made, Bitcoin will be fixed on <a href=\"https:\/\/twitter.com\/rinusveekay?ref_src=twsrc%5Etfw\">@RinusVeeKay<\/a>\u2019s No. 21 at the <a href=\"https:\/\/twitter.com\/hashtag\/Indy500?src=hash&#038;ref_src=twsrc%5Etfw\">#Indy500<\/a>.<a href=\"https:\/\/t.co\/ukrj1DxucX\">https:\/\/t.co\/ukrj1DxucX<\/a> <a href=\"https:\/\/t.co\/X5gnSUZQF5\">pic.twitter.com\/X5gnSUZQF5<\/a><\/p>\n<p>\u2014 Ed Carpenter Racing (@ECRIndy) <a href=\"https:\/\/twitter.com\/ECRIndy\/status\/1392498650929053698?ref_src=twsrc%5Etfw\">May 12, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Rinus VeeKay driver will race on May 30 in the Indianapolis 500, driving a Chevrolet in a livery bearing the symbol of the first cryptocurrency. A QR code for sponsors has been applied to the car\u2019s body.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"The Bitcoin Car\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/YiVFU3aF2mU?start=37&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>According to Zap chief executive Jack Mallers, 70% of the contributions are intended to fund Bitcoin development, with the remainder going to ECR and charitable organisations.<\/p>\n<p>Strike wired $100,000 via the QR code, and Mallers personally sent another $25,000. Among other notable sponsors are the $250,000 investor Ross Stevens, founder of <span data-descr=\"New York Digital Investment Group\" class=\"old_tooltip\">NYDIG<\/span>, American football star Russell Okung, and the host of the What Bitcoin Did podcast, Peter McCormack.<\/p>\n<p>Ed Carpenter, the owner of ECR, told Autoweek that Strike converts the sponsors\u2019 proceeds into fiat currency. \u201cOur suppliers do not currently accept cryptocurrency, so we convert it to US dollars. Obviously, right now I cannot pay my Chevrolet contract in Bitcoin, but that could change in the future,\u201d he said.<\/p>\n<p>IndyCar is the premier open-wheel racing series in North America. It has been run since 1996. The championship was founded under the name Indy Racing League by Tony George, owner of the Indianapolis Motor Speedway, as a cheaper, fully American alternative to the CART series.<\/p>\n<p>Since December 2020, Russell Okung has automatically <a href=\"https:\/\/forklog.com\/en\/news\/nfl-star-converts-half-of-salary-to-bitcoin-via-lightning-network\">converted half of his salary into Bitcoin<\/a>, worth $13 million. He also uses Strike for this purpose.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/grayscale-becomes-official-digital-asset-partner-of-the-new-york-giants-nfl\">became a sponsor of the New York Giants<\/a> of the National Football League (NFL).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ed Carpenter Racing (ECR) team raised funds to participate in another IndyCar race through Bitcoin donations. To this end, the outfit partnered with Strike, a service from the Zap startup.<\/p>\n","protected":false},"author":1,"featured_media":42517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,828,1804,2078],"class_list":["post-42516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-sports","tag-strike","tag-zap"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42516"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42516\/revisions"}],"predecessor-version":[{"id":42518,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42516\/revisions\/42518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42517"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}