Celebrating Bitcoin Pizza Day

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What pizza would you buy to celebrate Bitcoin Pizza Day?

Bitcoin fans have been on Twitter reporting the type of pizza they are going to buy to celebrate. One is having Ham and Pineapple, known as a Hawaiian in various places.

Perhaps you may buy a pizza today, but will you pay for it with bitcoin? Today, 22nd May is ‘Bitcoin Pizza Day’ and is the anniversary of the pizza bought on 22nd May, 2010 by Laszlo Hanyecz. Back then the programmer paid 10,000 BTC for two Papa John’s pizzas. At that time the BTC was equivalent to $25, but today it would be more like $5.12 million by today’s exchange rate, Coindesk states. And when BTC hit a value of $20,000, those two pizzas would have been valued at around $11 million. That’s very expensive pizza.

As Coindesk says, “Now widely recognised as the first real-world transaction with bitcoin, May 22nd has come to celebrate ‘Bitcoin Pizza Day’, with cryptocurrency enthusiasts raising a slice to Hanyecz’s infamous hunger pangsthat paved the way for early merchant adoption.”

Hanyecz told Nick Bilton in a recent interview with The New York Times, “It wasn’t like bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool. No one knew it was going to get so big.”

Worldwide, there are more than 70,000 merchants accepting bitcoin, with block chain transactions now averaging over 57,000 per day. In addition, data from coinmap.org indicates that more than 100 brick-and-mortar stores currently accept bitcoin for pizza — and this number is on the rise.

Coindesk also revealed, “Retailers are getting in on the action, too. eGifter, the popular gift card platform is giving away extra points to customers purchasing Domino’s, UNO and Papa John’s gift cards using either bitcoin, litecoin or dogecoin. It seems the connection between bitcoin and pizza will be a long-lived tradition.

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