Confirmed: This is AlphaTauri team's new name and new logo!

Visa Cash App RB has been confirmed as AlphaTauri's new name. The Italian team announced this on Wednesday, though it wasn't really a secret over the last few days.

"It’s fantastic to reveal the new identity and to welcome new partners as we embark on the next phase of the team’s Formula 1 story," said Peter Bayer, chief executive officer of the new Visa Cash App RB team.

Visa Cash App RB team aim high

"Faenza is entering a new era of racing, staying true to our roots as a hothouse for talent but now with an even greater focus on competing for the biggest prizes in F1. We have a bold vision for the team lead by myself and Team Principal, Laurent Mekies and having future-focused partners such as Visa and Cash App alongside us on that journey is hugely exciting," Bayer believes.

Visa Cash App RB team presents the new car on 8 February in Las Vegas. The new livery and team outfit will be shown then. The team have presented a new logo: