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Futurocoin has signed a 2-year sponsorship accord with Aston Martin Red Bull Racing Formula (F1) One Team. As per the terms of the deal, the F1 team will display the logo of the cryptocurrency venture Futurocoin.

RB15 F1 Cars of Pierre Gasly and Max Verstappen, which are powered by Honda engines, will display the logo of Futurocoin. The team transporters and overalls of the drivers will carry the logo. Christian Horner, principal of F1 team, said the rise of cryptocurrencies and blockchain technology is highly remarkable in recent years. They are pleased to be part of the team to get sponsorship from the Cryptocurrency firm for the first time. The team has won 59 Grand Prix tables.

Co-founder of Futurocoin, Roman Ziemian said it is the first event for the company to sponsor a team. It will help to improve awareness of Futurocoin on the global arena.

The agreement covers 2019 and 202 F1 seasons

The deal would cover the 2020 and 2019 F1 seasons. Formula One and Cryptocurrency are similar. Ziemian said he is a big fan of the motorsport and F1 team has created a great interest in him. Blockchain technology has ensured the security of digital currencies.

Chief Executive Officer of FuturoCoin’s Management Company, Paulina Wozniak said FuturoCoin is proud to be the first cryptocurrency to be exhibited on racing cars. He further said it provides an opportunity for the company to get recognized worldwide.

Decentralized Cryptocurrency

Decentralized Cryptocurrency – FuturoCoin is developed using an open source technology. Its maximum supply is 100 million FTO. Using cryptocurrency worldwide is surging at a fast pace driven by a low transaction fee and enhanced security due to the use of distributed ledger technology.

Cryptocurrency is becoming one of the top sponsors of sports worldwide. Previously, CoinDeal signed a sponsorship accord with Walverhampton Wanderers, a premier league team, in 2018. It would feature on the jerseys of players.

Venezuela imposes taxes on cryptocurrency remittances

Venezuela has begun regulating and imposing taxes on cryptocurrencies. The nation collects a commission of up to 15% on the remittances. It also imposed limits on monthly transactions.

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