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Red Bull Racing enters new F1 territory with cryptocurrency partner

Red Bull Racing has claimed a first through a new multi-year partnership with global cryptocurrency FuturoCoin.

Red Bull said the partnership represents the first time a cryptocurrency has sponsored a team in Formula One.

The agreement will see FuturoCoin branding feature on the Red Bull Racing RB15 car, along with team transporters and drivers’ overalls.

Christian Horner, team principal at Red Bull Racing, said: “In recent years, the rise of blockchain technology and cryptocurrencies has been truly remarkable, and we’re delighted to be the first Formula One team to embrace this, through our partnership with FuturoCoin.

“Secure digital currencies are on the leading edge of technological development and we are very excited to be part of this revolution.”