Monday, Jul 04

DeFrancesco becomes first INDYCAR racer paid in Ethereum with Bitbuy

Saturday, May 21 417

Canadian NTT INDYCAR SERIES rookie Devlin DeFrancesco is teaming up with new sponsor Bitbuy for this year’s championship.  He also becomes the first INDYCAR racer to be paid in the cryptocurrency Ethereum. 
With more than 400,000 registered users and more than $5 billion traded, Bitbuy is Canada’s most secure and trusted trading platform for Bitcoin, Ethereum, and other top cryptocurrencies.  
The 21-year-old Canadian racer made his INDYCAR debut for Andretti Steinbrenner Autosport in February this year and is eagerly awaiting the chance to race on home soil in Canada when the famous Toronto street circuit event returns in July for the first time since 2019.
While almost every other professional athlete who chose to be paid in crypto elected to be paid in Bitcoin, crypto enthusiast DeFrancesco has chosen that his earnings from the Honda Indy Toronto to be paid in Ethereum. Bitbuy will handle the transaction for DeFrancesco who is also a user of the service. 
“I’m thrilled to have Bitbuy aboard for our INDYCAR campaign as the world of cryptocurrency is something that I am really excited about,” DeFrancesco said. 

“I believe in the long-term potential and power of Ethereum. I am hoping Bitbuy’s investment in our race program will pay off for them, and I'm hoping my new Ethereum will pay off for me.”  


DeFrancesco was born fast – arriving 16 weeks early at Toronto’s Sunnybrook hospital and spending the first three months of his life in an incubator. He has continued that need for speed ever since driving a go-kart for the first time at the age of six. After a successful career in karting and junior formulas in Europe, DeFrancesco returned to North America in 2020 to take his first step on the “Road to Indy.”
After competing in the Indy Pro 2000 championship (2000) and Indy Lights (2001) – he graduated to the NTT INDYCAR SERIES this season. Racing with Andretti Steinbrenner Autosport – joining the team created by INDYCAR legend seven-time Toronto winner Michael Andretti and siblings George and Julia Steinbrenner – the next generation of sporting team owners from the New York Yankees Steinbrenner family.
“With more and more attention and money being put into cryptocurrency, we’re excited to have Bitbuy join us on the 29 car,” Steinbrenner Racing co-owner George Steinbrenner IV said. “There’s an exciting buzz in the market as people start to gravitate toward the blockchain and digital marketplace.”
“When we signed Kyle Lowry to be our Brand Ambassador, we knew we were partnering with a legend that achieved everything he set his mind to,” explains Bitbuy President, Dean Skurka. 

“We see that same spirit in Devlin but this time we are partnering with someone just getting started.  And when Devlin said he wanted to get paid in Ethereum, we knew we had the right guy.”

Adam Sinclair

Adam has been a race fan since the first time he went through the tunnel under the Daytona International Speedway more than 30 years ago. He has had the privilege of traveling to races all across the state of Florida (as well as one race in Ohio), watching nearly everything with a motor compete for fame and glory, as well as participating in various racing schools to get the feel of what racecar drivers go through every week.  

Adam spent several years covering motorsports for, where he had the opportunity to see the racing world from behind the scenes as well as the grandstands. He invites everyone to follow him on Twitter, Facebook, and Google Plus, and looks forward to sharing his enthusiasm for all things racing with the readers of

Be sure to tune in for his sports talk program, Thursday Night Thunder, where he discusses the latest in motorsports news with drivers, crew members, and fans. The show takes place (almost) every Thursday at 8:00 pm EST on the Speedway Digest Radio Network. 

Contact Adam: Email  




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