F1 Racing Team Aston Martin Adds Support For crypto Payments To Enable Users To Shop On Its Online Store.
It’s a big win for the crypto industry as one of the biggest Formula One teams starts accepting crypto payments.
Crypto has been winning huge support from various economic sectors over the last few years. This is mainly after institutions and governments started recognizing the power of blockchain and crypto technology. Every now and then, crypto makes a debut in a totally new sector. This time around, it’s the Formula One scene. The team’s official website put a detailed announcement to that effect.
Ashton Martin Aramco Cognizant Formula One Team (AMF1) has just announced intentions to start accepting crypto payments on its online store. This means that many pro-crypto people will now be able to buy the team’s merchandise and settle the transactions with cryptos. Visitors who want to start shopping can visit the team’s web page here.
Partnerships To Make It Happen
To make this happen, Ashton Martin has entered into a partnership with Crypto.com and Cube, which are now its official business partners in digital e-commerce. Crypto.com has been adding various cryptos (including Shiba Inu) to its list of supported payment options, which gives a lot of leeway to users who want to pay in cryptos of their choice.
These positive advancements come to a short while after Formula 1 appointed Crypto.com as its official Global Partner for its sprint series schedules. This is already an indication that the racing teams can thrive in the crypto space just as other sectors have. For instance, with Crypto.com as its Global Partner, Ashton Martin will have access to the expansive 50 million user base that could very well spell its financial success in the future. Crypto.com Pay enables customers to pay with more than 20 cryptos, including Bitcoin, Ethereum, Shiba Inu, Doge, Apecoin and more.
What Officials Say
Following the revolutionary announcement, officials from the involved companies have some strong, positive words to say about it. According to the chief marketing officer at crypto.com, Steven Kalifowltz, his company’s “Our partnership with AMF1 is the perfect case in point, proving just how versatile crypto payments have become. We’re excited to continue our work with AMF1 and to further enable the use of cryptocurrency as a payment method in all situations.”
AMFI head of Licensing and Merchandise, Matt Chapman, also had something to say,
“We are constantly exploring the digital landscape, so it’s hugely satisfying to be able to take this step into the crypto payment world with both Crypto.com and Cube.”