Saturday Is Bitcoin Pizza Day: Here’s How to Take Part
Saturday, May 22, marks the eleventh anniversary of Bitcoin Pizza Day. Here’s how to take part in the celebration.
What Is Pizza Day?
In 2010, early Bitcoin adopter Laszlo Hanyecz ordered two pizzas for 10,000 BTC, an amount that was worth just $25 at the time.
“I’ll pay 10,000 BTC for a couple of pizzas,” Hanyecz posted to the BitcoinTalk forums. “Like maybe 2 large ones so I have some left over for the next day….You can make the pizza yourself and bring it to my house or order it for me from a delivery place.”
Soon, another BitcoinTalk user accepted the offer and ordered two pizzas from Papa John’s to Hanyecz’s address.
Eleven years later, 10,000 BTC is worth more than $350 million, and the date is an annually celebrated event as it marks the first time Bitcoin was spent on a product or service.
Get Free Pizza or Free Bitcoin
Several companies are commemorating the event this year. Slice is giving away more than 2,500 pizzas across the U.S. in partnership with PizzaDAO. Meanwhile, Papa John’s is giving U.K. customers £10 of free Bitcoin when they place an order of at least £20.
Elsewhere, several exchanges are running trading contests. Binance is allowing traders to collect virtual pizza “ingredients” for a chance to win Bitcoin, and Gate.io is running a similar contest.
Additionally, crypto companies are rewarding engagement on social media. Paxful, BZ Africa, and Beldex will give users who describe or design their ideal pizza a chance to win crypto. Huobi, OceanEX, CoinTiger, and Sesterce are giving away free cryptocurrency to those who retweet or share contest announcements.
Gemini UK and OKCoin are giving away free pizza vouchers, while BitBuy is giving away UberEats gift cards to users.
Other Related Events
The deals do not end there: YouHodler is giving away a free Tesla to commemorate Pizza Day; users who put more than $1,000 into the loan service will be entered in the draw. Ballet is giving away pizza keychains to customers who buy a metal wallet.
Collectors of non-fungible tokens can also buy crypto NFTs from various projects, such as RarePizzas and CryptoPizza.
Finally, some companies are donating to charitable causes. Fidelity Digital Assets will donate to Global Food Banking, while Anthony Pompliano’s recently launched Bitcoin Pizza brand will donate to the Human Rights Foundation’s Bitcoin Development Fund.
Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.
Bitcoin Pizza (Store) Day: California Pizza Store Sold for BTC
It’s nearly 11 years since the day when Laszlo Hanyecz, a programmer from Florida, famously purchased two pizzas for 10,000 BTC (worth some $530 million today). Now, Bitcoin is once again being used for a pizza-related transaction.
But this time round, it’s a pizza store that is being sold for Bitcoin, rather than a couple of Papa John’s pies, KSBY News reports.
Situated in Santa Maria, California, Bravo Pizza has been sold by its owners Matt and Kara Miller for an undisclosed sum of Bitcoin, to Jimmy Benavidez—who for the past several years has been the manager of the restaurant.
According to Benavidez, Bitcoin has been a common interest between himself and Matt, and the two of them often talked about the cryptocurrency.
For Matt, cryptocurrency is the future, because it offers “a unique way to exchange funds without centralized banking.”
“When he had mentioned he would take the payment in Bitcoin, it made a lot of sense to me,” said Benavidez, who takes over the property on April 1.
The Millers believe Bravo Pizza being sold for Bitcoin will be a “groundbreaking thing” for the Central Coast community; however, it might not be the first brick-and-mortar store to change hands via a cryptocurrency transaction. Earlier this year, two restaurants went on sale in New York, with their owner putting a price tag of 25 BTC or 800 ETH for both.
Even if a restaurant is a bit out of your price range, there are a growing number of physical goods you can now buy with crypto–from clothes and real estate to private jets and Tesla electric cars. And, of course, pizzas.
First Pizza Purchase for Bitcoin Occurred 11 Years Ago, Here’s How Community Celebrates
Back in 2010, on May 22, Bitcoin was for the first time ever used as means of exchange. Back on that day, IT engineer Laszlo Hanyecz suggested paying 10,000 BTC on the Bitcoin forum to anyone who will buy and deliver two pizzas to his door.
That was the first ever documented BTC transfer used for purchasing.
In 2021, Bitcoin influencer Anthony Pompliano has launched a pilot project called “Bitcoin Pizza” in ten US large cities. Despite the title, pizza will be sold for USD but all the profits will be sent to Bitcoin developers – their Human Rights Foundation (HRF) fund. He expects to sell 10,000 pizzas in “Bitcoin Pizza” boxes made specially for this pilot.
Besides, Pomp is giving a Bitcoin Pizza party in New York City today in Washington Square Park at 12 noon.
Staff at Biggest Dutch Domino’s Pizza Franchise Can Now Be Paid in Bitcoin
A Domino’s Pizza franchisee in the Netherlands is offering to pay its employees in bitcoin – appropriately starting on Bitcoin Pizza Day.
- Staff taking up the option will be able to choose how much of their salary above the minimum wage – which must be paid in euros by law – they wish to receive in bitcoin, according to an announcement Saturday.
- The franchisee, Immensus Holdings, is Holland’s largest with 16 Domino’s stores, and will offer the salary option in partnership with Dutch fiat-to-crypto gateway BTC Direct.
- The company has over 1,000 internal and external employees who can opt into the scheme.
- “We work with a lot of young employees. We hear them talking about bitcoin and we want to offer the opportunity to own cryptocurrency,” Immensuus co-owner Jonathan Gurevich said.
- The news was announced on Bitcoin Pizza Day, which commemorates the first time bitcoin was used as a form of payment when developer Laszlo Hanyecz used 10,000 BTC to pay for two pizzas on May 22, 2010.
- That amount of bitcoin is worth almost $410 million at time of writing.
See also: Soccer Player Ifunanyachi Achara the Latest Sports Pro to Take Salary in Bitcoin
Papa John’s Pizza is now offering £10 in free Bitcoin to U.K. customers
American pizza franchise Papa John’s is offering its U.K customers £10 in free Bitcoin, a new offer on the pizza giant’s homepage shows.
“Select the Bitcoin offer online, spend a minimum of £30 for a £15 discount plus the free Bitcoin,” it reads.
The offer is part of a tie-in with London-based cryptocurrency exchange Luno to turn “pizza into Bitcoin.” According to its Facebook page, the promotional event ends on May 23rd.
In 2010, a programmer called Laszlo Hanyecz paid 10,000 BTC for two large pizzas from Papa John’s. Many say this was a foundational event in developing the Bitcoin store of value narrative.
But based on past examples, mixing Bitcoin and fast food tends not to work out.
Hanyecz has no regrets over buying pizza for 10,000 Bitcoin
Back in 2010, Bitcoin was a fledgling idea that was beginning to gain traction among niche elements of society. During that time, mining Bitcoin using a retail laptop or desktop CPU was entirely possible.
As an early Bitcoin miner, Laszlo Hanyecz benefited from the 50 BTC block reward at the time to amass a sizeable sum of Bitcoin.
In 2010, using BTC as means of payment was unheard of. But to challenge this convention, Hanyecz posted a proposition to exchange 10,000 BTC for two large pizzas.
Someone took him up on his offer, arranging delivery from his local Papa John’s, and the rest is history. Today, 10,000 BTC is worth a staggering $558 million.
But Hanyecz says he has no regrets over the deal. Instead, he remains philosophical by saying it’s all part of the delicate balance that keeps stakeholders incentivized.
Cryptocurrency is good for PR campaigns?
Fast food companies have often looked to cryptocurrency as a way to sell more products. Over the years, countless experiments with cryptocurrency have come and gone.
For example, in January 2018, at the start of crypto-winter, KFC did the Bitcoin Bucket. The accompanying tweet poked fun at the perceived complexity of cryptocurrency.
“KFC Canada presents The #Bitcoin Bucket. Sure, we don’t know exactly what Bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken.”
In 2019, Burger Kings in Germany, the Netherlands, and Russia started accepting Bitcoin directly as payment.
But the franchisees soon withdrew the option to pay in BTC, citing prohibitive laws on accepting crypto for payment. The consensus is that crypto is good for PR campaigns but not as a permanent payment option.
Nonetheless, Papa John’s limited-time offer to give customers Bitcoin is evidence that fast food companies still recognize the potential of cryptocurrency within their industry.
Not Just MicroStrategy: The Story of a Small Pizza Business that Bought Bitcoin Worth $200K
Numerous large corporations and institutions entered the bitcoin space in the last year or so with substantial purchases worth billions of dollars in total. Keeping in mind that some of those names were giants like Tesla, MicroStrategy, Ruffer Investment, and MassMutual, it’s quite normal that they all made the news more than once.
But what about the so-called little guy? Being considered as a highly-volatile and risky asset with a little over a decade-long history, BTC doesn’t sound like the preferable asset for smaller businesses to put on their balance sheets, right?
However, that doesn’t seem to be the case for a small husband-and-wife-owned pizza business with two joints in Alabama, the US, called Sam & Greg’s Pizzeria/Gelateria.
Greg Hathorn, the co-owner (also known as the husband), recently commented on a Michael Saylor endorsement of Square’s $170 million BTC purchase that they had moved $200,000 off their business’ balance sheet into the primary cryptocurrency.
CryptoPotato reached out to the Hathorns to find out more about their decision, thoughts on bitcoin, exit strategy, and everything in between.
Why Bitcoin, Greg?
Arguably the most profound question for every (new) investor is why he or she has decided to allocate funds in a certain asset – or as a popular US-British author wrote once – “it all starts with the why.”
Greg shared with us that his background was in IT, despite his ongoing restauranteur endeavors, and said that cryptocurrency and blockchain technology have been in his sights for quite some time.
While admitting that he was late to the party with his “ah-ha moment”, he believes that “these technologies represent the smartest use of the Internet to date, creating a positive disruption that will shake traditional finance to its core.”
“So, why bitcoin for my business? The simple answer is that I have worked hard to save money, and I don’t like seeing it disrespected and devalued. I also do not appreciate politicians and central banks reducing the value of the American worker to the speed of a printer. Bitcoin solves these problems.
The simple forces of a fixed supply and unlimited demand are in play, making bitcoin the obvious choice as the go-to store of value for those simply needing a place to preserve capital, no matter what size business.”
350% ROI in Less Than a Year
Greg revealed that the catalyst for this decision came in April 2020 – quite the decisive moment for the cryptocurrency industry as well as the entire financial field. The COVID-19 outburst had just been recognized as a global pandemic and the consequences spread through all financial markets, causing massive nosedives.
Bitcoin was not excluded, as it plummeted by 50% in a day to below $4,000 in mid-March, 2020. However, the Hathorns seem to have taken the Paul Tudor Jones III approach and go into bitcoin as the asset began its recovery.
Nevertheless, BTC didn’t stop with just a mere recovery and went on to new heights in the next eleven months. It’s not a surprise that the Hathorns’ bitcoin investment is “approximately 350% up since we started investing last April.”
Greg noted that he chose to go with Grayscale instead of the “crypto-exchange route because I just didn’t want to deal with maintaining a digital wallet, cold storage/hot storage, keys, etc.” He believes that the GBTC trust is among the most convenient tools for people wanting to receive BTC exposure at the moment but believes that the potential approval of a Bitcoin ETF could be a game-changer.
On the question of their overall strategy going into bitcoin, Greg told us that he’s not actively managing the cryptocurrency position. Instead, he prefers HODLing for now.
However, he plans to treat his “prudent” BTC investment slightly differently in the future – “I will take profits on the way up, and then reinvest on future dips.”
Other Small Business Should Consider Buying BTC Too
While it’s still not a common practice among larger or smaller businesses, Greg believes that every owner or executive should “at the very least, educate themselves on bitcoin” before making a conscious decision on whether or not to buy BTC as well.
“Bitcoin, and cryptocurrency in general, is not going away, so it should not be ignored as being just a fad that will fade.” – he asserted.
Although he acknowledged the asset’s enhanced volatility, Greg doesn’t feel it’s risky – “or at least not riskier than investing in stocks, market ETFs, or just sitting on cash.” He and his wife have invested in BTC funds that are “over and above the operating capital that stays in the business to meet ongoing cash flow needs.”
As such, he’s prepared to face the short-term volatility, despite the “stomach-churning that occurs when bitcoin dips and consolidates,” to “capture massive long-term gains.” Additionally, he feels privileged to participate as an early adopter of this “new Digital Monetary Network – an opportunity I can’t pass up.”
Greg also noted that the company’s BTC investment could ultimately benefit their staff, too, as it suggests job security and potential bonuses. He said that “they were excited” the first time he and his wife announced the bitcoin purchase.
“They felt that if we were able to do that, then the business must be doing well, which translates into job security. But, more importantly, I do plan to incorporate a portion of any Bitcoin profits into our annual bonus pool, which is shared by all employees. So, in a manner of speaking, you could say that our staff is invested in Bitcoin.” – he concluded.
Bitcoin Concludes Another Choppy Week Below $40K: The Crypto Weekly Recap
Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle.
The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price dropped from above $40,000 down to about $35k. In a sequence of choppy actions, the price attempted to take back the important psychological and technical level at $40K but was unsuccessful each time.
At the time of this writing, bitcoin’s dominance over the market sits at around 42%, which is a slight decrease compared to last week. In fact, it peaked at more than 47% on Sunday, but it has been only downhill ever since, showing that altcoins have it somewhat better compared to BTC.
Speaking of altcoins, there’s been a shift in the top 3 as USDT has claimed the spot over Binance Coin. This shows that the market really is struggling at the moment because a stablecoin boasts a higher market cap than the majority of altcoins. In any case, ETH is down about 4.5%, BNB is down 11%, while XRP, DOGE, DOT, and many others are down more than 20%.
The news was relatively calm in terms of news. One of the more interesting bits of information we got was the fact that Michael Saylor organized a meeting between Elon Musk and some US-based Bitcoin miners. Musk said that they committed to switching to renewable energy sources.
In any case, it’s also interesting to note that Ripple has no plans of forfeiting its plans of going public. Brad Garlinghouse, the CEO of the company, confirmed that they intend to do so once the lawsuit against the SEC goes away.
Last but not least, Apple is apparently headhunting talent with knowledge of cryptocurrencies for its alternative payments method department, which might be a sign of something interesting cooking under the hood.
Market Cap: $1615B | 24H Vol: 150B | BTC Dominance: 42%
BTC: $37,017 (-8.4%) | ETH: $2,593 (-4.5%) | XRP: $0.905 (-20.05%)
This Week’s Titles You Better Not Miss
Cryptocurrency Market More Resilient Now Compared to 2017/2018: JPM Analyst. Irrespective of the massive declines in the last few weeks,s an analyst from JPM concluded that the overall cryptocurrency market is much more resilient now compared to back in 2017 and 2018.
Apple is Headhunting a Business Development Manager With Experience in Cryptocurrencies. It appears that Apple is moving forward with its plans to start adopting cryptocurrencies. The tech giant is now headhunting experts from the fintech world, including the crypto industry, for its alternative payments department.
Same Old Song With China Regulatory Issues and Crypto Ban: Long History Of FUD. Over the past weeks, we saw reiterations of old China bans, which cause serious turmoil in the cryptocurrency industry. However, it appears that there’s not much new in this regard, and we take a walk down memory lane to track previous instances of such reiterations.
11 Years Since The First Bitcoin Purchase: 2 Pizzas Now Worth $365 Million. This week was the international Bitcoin Pizza Day, marking 11 years since the first commercial purchase of goods using bitcoins. Interestingly enough, the 10,000 BTC that Laszlo Hanyecz paid to get two pizzas from Papa John’s are now worth over $365 million.
Ripple to Go Public After the SEC Lawsuit, Confirms CEO. Ripple’s CEO, Brad Garlinghouse, confirmed that the company plans to go public after the lawsuit against the US Securities and Exchange Commission goes away.
Billionaire Investor Carl Icahn May Get Into Crypto “In a Relatively Big Way.” The billionaire investor Carl Icahn said that his company might get involved in cryptocurrencies “in a relatively big way.” Without giving any further hints, Icahn might join a rather long list of investors who are already exposed to the market.
This week we have a chart analysis of Bitcoin, Ethereum, Ripple, Cardano, and MATIC – click here for the full price analysis.
Anthony Pompliano has introduced a new pizza chain
- Bitcoin Pizza has been launched by Anthony Pompliano that will support local SME and BTC developers
- The first pizza will be delivered on May 22, 2021, on the 11th anniversary of Laszlo Hanyecz’s pizza purchase for the BTC event
- Pizza options on the latest website are observed reincarnating the history of BTC
Anthony Pompliano, a famous influencer in the cryptosphere, has announced a new US national pizza brand. The new pizza chain entitled “Bitcoin Pizza” is launching in 10 cities around the United States. Moreover, the first pizza is expected to be delivered on coming Saturday. The residents in the ten cities can order the pizza using the official website of the new firm, and a local pizzeria will deliver the pizza in a Bitcoin Pizza box. However, the profits made from such pizzas will be donated to the Human Rights Foundation Bitcoin development fund.
Today I am announcing Bitcoin Pizza – a new national pizza brand that is launching in 10 cities.
The first pizzas will be delivered this Saturday, which is the 11 year anniversary of the infamous bitcoin pizza transaction.
Buy pizza: https://t.co/L6AkyRPgjr 🔥🔥 pic.twitter.com/nUkCZd430Q
— Pomp 🌪 (@APompliano) May 18, 2021
Bitcoin Pizza will launch on a historical date
In 2010, the famous Laszlo Hanyecz programmer purchased a couple of pizzas using Bitcoins. At the time, the purchase showed that a real-world product or service could be bought using Bitcoins. Laszlo had purchased that pizza for 10,000 BTC, making it the world’s most expensive pizza.
This Saturday we will only be selling 10,000 pizzas in celebration of the very first bitcoin purchase for a good or service.
It was exactly 11 years ago on Saturday when 10,000 bitcoin were spent for 2 pizzas.
Now you can be part of this historic day: https://t.co/L6AkyRPgjr pic.twitter.com/0Kp3uKnljG
— Pomp 🌪 (@APompliano) May 18, 2021
On May 22, Saturday, it is the 11th anniversary of the aforementioned event. According to Anthony Pompliano, on the anniversary day, the first pizza ordered from the Bitcoin Pizza will be delivered.
Bitcoin developers will be supported with made gains
The buyer will have to purchase the pizza using fiat on the Bitcoin Pizza platform. The profits made through pizza sales will then be donated straight to the Human Rights Foundation Bitcoin development fund. The foundation is launched to support BTC as a way to help dissidents in oppressive regimes and societies experiencing increased inflation. The foundation will also help those facing aggressive financial surveillance. Hence, the purchases will directly fund the development of the cryptocurrency.
The Human Rights Foundation’s Bitcoin Development Fund was a no brainer partner for us on this.
They are doing amazing work to help support the people who work tirelessly every day to make sure that bitcoin continues global ascension to mass adoption.https://t.co/HOCRcZVEKb
— Pomp 🌪 (@APompliano) May 18, 2021
Pompliano has now reincarnated a slice of history
According to Pompliano, Bitcoin pizza will currently offer pizzas in ten US cities. Such cities also include Los Angeles, Seattle, Chicago, Austin, New York, and San Francisco. Pompliano has united the best neighbourhood pizzerias. Anyone in such cities can use the Bitcoin Pizza website to order a pizza. However, the orders will be fulfilled by the local shops and delivered.
How Bitcoin Pizza works:
– Go to https://t.co/L6AkyRPgjr
– Order pizza
– Local shop makes pizza
– Pizza delivered in Bitcoin Pizza box
– Profits from pilot donated to @HRF’s Bitcoin Development Fund
Buy pizza. Promote bitcoin. Help small business. Build bitcoin. Everyone wins. pic.twitter.com/wIMGyCetTw
— Pomp 🌪 (@APompliano) May 18, 2021
Pompliano, with his latest business plan, has reincarnated a slice of history. Some of the options on the newest site include Laser Eyes (pepperoni), Satoshi’s favourite (Pineapple and ham), No Keys, No Cheese (plain), and other similar options.
What Can You Buy With Bitcoin? (2021 Update)
Among retail investors, Bitcoin (BTC) is often regarded as a speculative instrument that may be poised for growth in the future.
But Bitcoin was originally designed as a “peer-to-peer electronic cash system”—in other words, a decentralized payment method, enabling holders to manage their own finances and make purchases without relying on government-issued fiat currencies.
Although Bitcoin doesn’t have the same level of penetration as fiat currencies when it comes to everyday spending, there are already a surprising number of places where you can pay for your purchases with Bitcoin. So with that in mind, here are some of the best ways you can use your Bitcoin the way Satoshi Nakamoto intended—by spending it!
A car (but not a Tesla)
“When Lambo?” is the semi-ironic refrain of the dedicated Bitcoin holder, with hopefuls wondering when their cryptocurrency stash will be enough to bag them a Lamborghini supercar.
If you have the funds, you can buy a Lambo (or, indeed, any other supercar) with Bitcoin right now. Bitcoin-friendly car dealerships like BitCars and AutoCoinCars stock practically every luxury brand, including Lamborghini, Porsche, McLaren, Bugatti, and Koenigsegg, and take payment in Bitcoin and other cryptocurrencies.
You can even buy a range of other vehicles with Bitcoin too, such as off-road UTVs, motorhomes and classic cars, should your tastes run to something less flashy.
Our company-owned Karma Newport Beach retailer now accepts Bitcoin as payment. “We are opening our platform to serve as a test bed to help convert theoretical blockchain applications to practical use,” said CEO @DrLanceKarma. Read more https://t.co/J8LrYCrKms #KarmaAuto pic.twitter.com/VxJLuHGSwb
— Karma Automotive (@KarmaAutomotive) October 15, 2019
Of course, you’re limited to second-hand vehicles when buying from the above dealerships; most car manufacturers won’t let you buy a brand new motor in Bitcoin. However, electric car manufacturer Karma Automotive has gone a step further, announcing in 2019 that it would accept Bitcoin payments at its main dealership in Newport Beach.
One car you can’t buy—brand-new, at least—is a Tesla. Back in March 2021, CEO Elon Musk announced that an option to pay with Bitcoin was live on Tesla’s website—but just a couple of months later, in an apparent U-turn, Musk announced that “Tesla has suspended vehicle purchases using Bitcoin.”
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
The reason for Musk’s Damascene conversion was, apparently, Bitcoin’s notoriously high energy consumption and carbon footprint, which stood squarely at odds with the EV manufacturer’s eco-friendly image.
A private jet
If cars are slightly too tame for you—and you really don’t care about your carbon footprint—you could take to the skies in a private jet bought with Bitcoin.
Aviatrade, a firm that sells a wide variety of aircraft, recently added Bitcoin as a payment method for all business jet purchases, allowing customers to purchase jets like the $40 million Gulfstream G650ER using BTC.
Luxury yachts moored in Miami. Image: Shutterstock
Rounding out the list of excessively opulent modes of transport, you can now rent a luxury yacht with Bitcoin. Colombian yacht rental firm Prime Experiences has announced that it’s taking payment in Bitcoin, and expects to see a 40% growth in customers using it as a payment method. The company has also revealed that it’s in talks with crypto-friendly Miami mayor Francis Suarez and expects the city to become “the next Silicon Valley”.
Real estate is one of the many things that can be purchased with Bitcoin. Image: Shutterstock
In 2017, a £350,000 ($480,000) house in Essex, United Kingdom became the first house sold entirely for Bitcoin.
Four years later, buying real estate with Bitcoin is still somewhat unusual—the fact that London’s most expensive residence could be bought for Bitcoin made headlines in 2021—but it’s now a far less daunting task.
That’s thanks to the advent of a number of cryptocurrency-specific realtors. They include Swiss consulting firm Bithome, which lists a range of properties throughout Europe, America, and Asia that are for sale for Bitcoin. There are also region-specific platforms like Caliber & Partners’ OpenHouzz platform, which features close to 200 properties scattered throughout Spain—including several multi-million dollar mansions. In April 2021, Argentinian online marketplace Mercado Libre joined the fray, announcing that it would enable purchases of real estate using Bitcoin through a dedicated crypto section on its website.
For those who want to get on the property ladder, but don’t have the coin for a whole property, several cryptocurrency real estate investment trusts (REITs) are currently being developed. If successful, these may allow cryptocurrency users to gain exposure to real estate by purchasing digitized shares.
And if you’re in need of office space, you’re in luck. As of April 2020, real estate company WeWork accepts payment for its co-working spaces in Bitcoin through BitPay, with the first customer to take up the option being Coinbase. Following its direct listing, the crypto exchange can certainly afford it.
Whether you’re looking for some casual loungewear or your next designer outfit, odds are you’ll be able to find exactly what you want at the dozens of clothing outlets that now accept Bitcoin and other cryptocurrencies as a payment method.
These include a variety of sometimes garish socks from MtSocks (a play on the ill-fated Mt. Gox exchange), including this snazzy set depicting the history of the Bitcoin logo.
Ever wondered how the orange #Bitcoin logo came to be?
Introducing 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐋𝐨𝐠𝐨 𝐇𝐢𝐬𝐭𝐨𝐫𝐲 – our new September sock which tells the logo’s story! 🧦
👉 https://t.co/j8r64mUMv1 pic.twitter.com/THoCRB4RmD
— MtSocks 🧦 (@mtsocks) September 1, 2020
If you’re after something ever-so-slightly more professional or fashionable, there are now several high fashion and designer outlets that accept Bitcoin as a payment option.
One of the swankiest is surely Lanieri, an e-commerce platform that offers an entire wardrobe of made-to-measure clobber, including Italian-made suits, shirts, trousers, and more.
They’ll even remake your garment free of charge or offer a full refund if it’s not a perfect fit.
If you’re prepared to travel, put your best foot forward and head to Sint-Truiden, Belgium, where clothing and accessory story SUMOR Par elle has announced that it’s accepting payment in Bitcoin for its range of shoes and handbags. “We are a store that keeps up with the trend,” manager Lenny Schoofs told VRT NWS. “It is the future and we cannot continue to ignore it.”
And if you need to wash your clothes, Dublin Cleaners in Columbus, OH is now accepting Bitcoin for payment in its four dry cleaning stores. “I’ve been researching this since the fall, but figured now was the time to take the plunge,” president Brian Butler told Columbus Business First. Just don’t make any money laundering jokes.
Food and drink
You can buy a pizza with Bitcoin. Image: Shutterstock
The Bitcoin-to-pizza exchange rate has changed dramatically from the year 2010, when Laszlo Hanyecz paid 10,000 BTC for someone to deliver two pizzas to him. It is recognized as the first commercial transaction for Bitcoin… but of course, had he held onto that BTC instead of splurging on pizza, it would be worth over $318 million today. Hindsight, right?
Pizza Hut is keeping the spirit of that transaction alive today, at least in Venezuela: the company announced in November 2020 that it has partnered with Cryptobuyer to accept Bitcoin, Ethereum, and other cryptocurrencies. It’s not the first restaurant chain or ordering service to accept Bitcoin, either: German takeaway giant Lieferando takes Bitcoin, too, while Lightning Network will take your Bitcoin and route Domino’s pizzas to you.
Meanwhile, in France, food delivery app Just Eat is now accepting Bitcoin as payment for food deliveries from over 15,000 restaurants. Some of which undoubtedly sell pizza.
On the plus side, a pizza should only cost a tiny fraction of a Bitcoin now, so hopefully you won’t feel any severe buyers’ remorse a decade later.
Acker is now accepting cryptocurrency! https://t.co/E6EbI86ZbF pic.twitter.com/XOxoOTUYyi
— Acker Wines (@AckerMerrall) April 13, 2021
If you’re looking for something to wash down your meal, America’s oldest wine shop, Acker, is now accepting Bitcoin (and other cryptocurrencies) via BitPay. The rare and fine wine auction house has also added Bitcoin and Ethereum to its Acker Markets analytics platform, so you can see exactly how much each sip is costing you.
Given that they’re all about protecting your online identity, it’s not surprising that virtual private networks (VPNs) were one of the first services to start taking payments in Bitcoin. There are plenty to choose from if you’re looking to pay for your VPN with Bitcoin.
NordVPN, Surfshark, ExpressVPN, Cyberghost and ProtonVPN are among the reputable VPN providers that accept Bitcoin payments.
It’s worth noting, of course, that buying your VPN with Bitcoin won’t be completely anonymous; crypto forensics firms and governments can track payments with varying degrees of effectiveness, and most exchanges operate KYC policies.
It makes sense that websites and web-based services would accept purely digital currency. In addition to the aforementioned VPN services, there are some other notable web destinations that will happily take your Bitcoin.
For example, cloud storage service MEGA accepts Bitcoin, as does the infamous message board 4chan; you can pay in Bitcoin and other cryptocurrencies for its 4chan Pass membership service.
[email protected] Foundation Works with BitPay to Accept #Bitcoin and #BitcoinCash Donations https://t.co/N9lfpW03fd pic.twitter.com/7N6OHOdiB8
— BitPay (@BitPay) January 29, 2019
If you feel like spending some Bitcoin on a worthy cause, you could consider donating to one of the organizations that keep the engines of the Internet ticking over. The Internet Archive—well known for its Wayback Machine that stores past versions of websites—accepts donations in Bitcoin, Bitcoin Cash, and plenty more. Meanwhile, the Wikimedia Foundation, the nonprofit that runs Wikipedia, has teamed up with BitPay to accept donations in Bitcoin, Bitcoin Cash, Ethereum and XRP.
Your next vacation
Though the coronavirus pandemic has put a dampener on most people’s vacation plans, holiday destinations around the world are now beginning to cautiously open up. That means it’s now the perfect time to book your next vacation, while flight tickets and hotel rooms are still selling for cheap.
Now, platforms are springing up that let you book your holiday using Bitcoin, such as CheapAir and Travala. The latter has inked partnerships with the likes of Booking.com and Expedia, meaning that you can book hotels in over 2 million destinations worldwide, and flights from over 600 different airlines, using Bitcoin and a variety of other cryptocurrencies as a payment method.
Booking flights and hotels with cryptocurrencies tends to be slightly more expensive than paying with a credit card on most platforms, but Travala does provide a best-price guarantee, meaning it will match or beat any competitor’s price for the same offer.
Some hotels are also starting to accept bookings made with Bitcoin directly; one such is The Bobby Hotel, a boutique hotel in Nashville that lets guests pay for a booking with cryptocurrency using BitPay. The hotel boasts city-themed rooms, a rooftop lounge, and its own 1963 Lincoln Continental that you can take a spin in.
The world’s “first” Bitcoin watch
If you’re tired of your old Casio and you’ve got some Bitcoin laying around, then you’ll be pleased to hear that it’s now possible to purchase a new timepiece using BTC.
Among the available options, the Franck Muller Steampunk Limited Edition Encrypto Watch stands out as one of the most exorbitant. For a cool $17,380, you can get your hands on one of a limited run of 250 timepieces, featuring a steel case and rose gold dial.
The watch is engraved with a QR code address from the genesis block, and a unique public address etched on the dial with a sealed USB containing the private key to this address.
If like us, you find the Encrypto to be “slightly” out of budget, then luxury online watch retailer BitDials may have something more in your price range—offering a range of Tag Heuer, Cartier and Breitling watches for under $3,000.
Gold is considered a safe haven asset because of its stable value. (Image: Shutterstock)
Bitcoin’s sometimes called “digital gold,” but you can also buy the real stuff with it.
Bitgild and the European Mint will both happily let you spend your Bitcoin on physical gold (or, indeed, silver or platinum) in the form of bars or coins. The European Mint accepts payments through BitPay, with a 1% handling fee, while Bitgild lets you pay from your Bitcoin wallet, or directly from an exchange.
Back in 2017, Steam, the largest digital game marketplace, dropped support for BTC, but that doesn’t mean it’s no longer possible to buy video games with Bitcoin.
Our USD-paying customers can now use Bitcoin! Check out our FAQ with all the details http://t.co/xwHSVgzQi5
— Green Man Gaming 🛒 BEST EVER SALE 🛒 (@GreenManGaming) December 4, 2014
Through Green Man Gaming, you can buy Steam keys with Bitcoin and can purchase digital versions of practically any game—including those for Xbox, Playstation, and Nintendo consoles using cryptocurrencies. These are often cheaper than retail prices too.
Alternatively, both Xbox and Playstation Network directly accept Bitcoin as payment for games, subscriptions, and other services, while the popular digital storefront and charity-focused game bundle provider Humble Bundle also accepts BTC as payment for all packages and products listed in US dollars (USD).
Even the big hitters of the art world are now getting involved with Bitcoin; in May 2021, venerable auction house Sotheby’s sold an artwork by Banksy with the option to pay in either Bitcoin or Ethereum.
If your budget doesn’t stretch quite that far, there are still plenty of options for buying a work of art with Bitcoin. One is Singulart, an online art store that offers free worldwide shipping and returns on all orders, and accepts payment in Bitcoin. Through Singulart, acclaimed and emerging artists are able to offer their paintings, drawings, sculptures, and other works of art for sale through the online gallery.
Huge thanks to @WeSingulart These 4 pieces are sold, finding homes in Germany, Taiwan and Hong kong. #thankful #art #artist #artwork #painting thank you for supporting my little business. I feel very fortunate that I can still work. #staysafe #BeKind pic.twitter.com/QvAVIzqkQ8
— @ArtandArtyThing (@ArtandArtyThing) March 24, 2020
Most of the art sold on the platform inclines towards the pricier end of the spectrum, but we were able to find several impressive works for under £250 (~$310)—and the platform features an eBay-style “make an offer” feature, which lets you throw down an offer that may or may not be accepted.
A Picasso artwork was just sold for cryptocurrency
If you’re looking to purchase art as an investment, Maecenas might be closer to what you are looking for. Maecenas is a platform that tokenizes and sells fractions of great works of art. These tokens represent fractional ownership of the work of art and can be traded at any time. As Decrypt previously reported, the platform recently tokenized a piece by Pablo Picasso, which was then sold for cryptocurrency.
Planned to develop a website, but haven’t got a domain yet? Well now, you can finally buy your next domain using Bitcoin, at registrars including Namecheap, Monovm, and Domains 4 Bitcoins. These platforms sell most popular top-level domains (TLDs) for Bitcoin, while some even allow you to purchase premium domains directly through the website using your BTC.
You can also purchase web hosting, private servers, and virtual private servers using Bitcoin, from vendors like Server Room, Clouviper, and Coin.host.
Winklevoss’s Gemini will now keep your ‘unstoppable’ web domains safe
If traditional domains aren’t bleeding-edge enough for you, Unstoppable Domains sells a variety of blockchain-domains like .crypto for a one-time fee. After purchasing this domain will be yours forever and never needs to be renewed. However, unlike a normal domain, viewers need specialized plugins or browsers to interact with blockchain websites, since each domain is actually a unique ERC-721 token stored on the blockchain, rather than a true domain registered with ICANN.
Practically anything else
One of the most common gripes among cryptocurrency holders is that they can’t shop with their favorite brands or retailers using digital assets.
While it’s true that you can’t spend your Bitcoin at Amazon just yet, there are some online retailers who accept Bitcoin as payment. Overstock.com is one of the biggest retailers who’ll let you pay with Bitcoin, with a vast selection of products taking in home decor, pet supplies, kitchen appliances and make-up on sale.
You can now buy a Coke with Bitcoin Down Under
Tech retailer Newegg.com also accepts Bitcoin; while it started out selling computer parts and electronics, it’s branched out and now sells a wide range of products, including clothing, health and wellness, and home appliances.
Of course, there’s another way to shop with Bitcoin, even at retailers who don’t accept payment in crypto, by purchasing gift cards using cryptocurrencies. A wide variety of reputable platforms now exist for this very purpose, including Bitrefill and Gyft—both of which allow you to purchase gift cards for eBay, Uber, Starbucks, Amazon, Walmart, and thousands of other retailers using cryptocurrencies.
Just paid for date-night with Bitcoin using my new #CoinbaseCard @coinbase pic.twitter.com/COdxv9lWJA
— JD Millwood (@cryptoMoJoe) April 12, 2019
Alternatively, you can sign up for an account with one of the many providers that now offer crypto debit or credit cards, such as Coinbase, BitPay and Binance. These can be loaded up with crypto, which can then be used in-store and online just like a regular payment card.
It might be an imperfect solution, but for now, there are relatively few alternatives.
Anything you can buy with PayPal
That may be about to change, however.
PayPal recently rolled out its Checkout With Crypto feature, enabling those holding cryptocurrency on the platform to spend it with all of PayPal’s merchants.
Given PayPal’s reach, that means you’ll be able to spend crypto on nearly anything your heart desires.
The platform will use fiat currency as an intermediary, exchanging your crypto for local currency that is paid to the merchant, but the end result is the same on your end: you spend your crypto and get the goods or services you want.
As well as Bitcoin, supported cryptocurrencies include Ethereum, Litecoin and Bitcoin Cash. You won’t be charged a fee for making a payment using crypto, but PayPal has noted that there will be a conversion spread; so PayPal might swap the crypto at lower-than-market rates and pocket the difference.
The Resistance to Bitcoin on PayPal Has Already Begun
There are one or two limitations. For one thing, you won’t be able to send Bitcoin to your PayPal wallet from another wallet; you can only spend Bitcoin that you’ve bought through PayPal itself. You also can’t send your Bitcoin from PayPal to another wallet, something that has Bitcoin purists up in arms.
However, what PayPal does offer is a quick and easy way of spending Bitcoin at conventional retailers, the importance of which can’t be overstated.
Donate to Charity
Crypto isn’t all me, me, me, of course. Leveraging the unique transparency and traceability of blockchain-based payments, some prominent charities are now beginning to accept cryptocurrency payments—helping to boost the efficiency of aid and cut down on charity fraud.
Some of the most popular options include:
- Save the Children—which offers relief to children in impoverished regions.
- American Red Cross—which provides emergency assistance and disaster relief in the United States.
- The Water Project—providing clean water to communities in sub-Saharan Africa.
- The American Cancer Society—which launched its first crypto-only fund in January 2021.
- UNICEF—The United Nations charity for children announced the UNICEF Cryptocurrency Fund in October 2019, accepting donations in Bitcoin and Ethereum.
- The RNLI—The Royal National Lifeboat Institution, a UK sea rescue organization, was the first major UK charity to accept Bitcoin donations.
Bitcoin Is “One Of The Best Speculations Ever,” Says Billionaire Investor Bill Ackman
Billionaire investor Bill Ackman says he could kick himself “for not understanding” cryptocurrencies. Speaking at a WSJ event, Ackman said he likes crypto and the technology behind it but at the same time said, “there’s no intrinsic value,” which to him is driven by cash generation. “You have to be able to build a discounted cash flow calculation,” he said on why is not investing in Bitcoin, and as such, he advises not to put a lot of your net worth in one or more cryptos rather in something “more durable.”
“I think crypto is a fascinating phenomenon. I think it’s a brilliant technology, and I kick myself for not understanding it; it’s one of the best speculations ever… But it’s not a place where I would feel comfortable personally putting any meaningful amount of assets in. Therefore I wouldn’t invest our firm’s assets.”
During the event, while disclosing an investment in Domino’s Pizza, he also talked about Federal Reserve’s policies. Ackman warned that inflation is “not temporary.” US inflation jumped 4.2% in April from 2.6% in the prior month — the highest since 2008. Everything from Copper, lumber, energy, housing, and Bitcoin is rising in value.
“Everything is inflating. That’s driven by a once-in-a-moment history. People are emerging from a pandemic with the endless spirit that comes from being locked up.”
And this is why the Fed may have to raise interest rates because “where they are, there’s a very good risk of the economy overheating.” At the Wall Street Journal Future of Everything Festival, he said,
“I think they’re going to have to raise rates, for sure. And I think they adjusted their policy, in my view, just at the wrong time. A pre-emptive policy toward inflation, I think, is a better approach, particularly in a world where we have massive, massive economic stimulus.”
Commenting on the unemployment numbers, he said that’s not due to any weakness in the economy, which is “crushing,” and businesses are booming. Adding that raising wages is good for workers and the economy, Ackman said,
“There are plenty of jobs; people haven’t had to work partially because of the stimulus…When unemployment benefits step back, and some of the stimulus wears off, there will be more of a supply of labor.”