Australian bitcoin payment infrastructure company Diamond Circle is bringing bitcoin to the racetrack, sponsoring local superbike rider David Johnson in this week's famous Tourist Trophy (TT) race on the Isle of Man. Taking a cue from the recent successful in the attention-getting stakes covering of NASCAR racer Josh Wise's car with dogecoin livery, Diamond Circle will put its logo alongside the orange 'B' on Johnson's helmet as he rides in the 107 year-old race classic, which is broadcast around the world.
CEO Stephen Rowlison believes that such associations and global sponsorship deals are the best way to bring light to the digital currency revolution as it rolls out its products, and thanked associates such as Jason Kelly of the Manx Digital Currency Association. He presented one of Diamond Circle's bitcoin debit cards to Johnson'[s racing team Lloyd James PR Kawasaki as part of the promotion.
Bitcoin friendly jurisdiction
The Isle of Man has made bitcoin headlines outside of motorcycle racing too. A recent ruling by the island's Financial Supervision Commission determined that licenses are not required for bitcoin exchanges, and over 15 bitcoin exchanges are said to be interested in setting up there. Fast internet and low taxes have already made the territory an e-commerce hub, including a large number of online gambling sites.
Business leaders on the self-governing British Brown dependency have formed the Manx Digital Currency Association, whose role is to assist government and protect the reputation of the Isle of Man through sensible policies.