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SirWin
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SirWin

Happy Pizza Day, bitcoin was first used to buy pizza

happy-pizza-day-bitcoin-was-first-used-to-buy-pizza
Edited by
News
Happy Pizza Day, bitcoin was first used to buy pizza

Did you know that the first ever real-world bitcoin transaction was to buy two pizzas? 

As the world commemorates World Pizza Day today, let’s remember that pizza was the first commodity to be bought using bitcoin. 

A Florida man named Laszlo Hanyecz spent 10,000 bitcoins at a local pizza joint to buy himself two pizzas on May 22, 2010.

At that time, his bitcoins were worth $40 and were not an acceptable currency. His transaction marked the first-ever official use of bitcoin for a commercial transaction with an actual company.

It is regarded as the beginning of the commercialization of cryptocurrency in the real world. Crypto fans decide to commemorate the day, calling it May 22 Bitcoin Pizza Day.

Bitcoin pizza day

Bitcoin Pizza Day has been celebrated for the past 13 years, every May 22.

In 2010, Hanyecz reached out to the Bitcointalk community, a public forum used to discuss matters of bitcoin, and openly traded his bitcoins to anyone who would buy him pizzas.

He went on to the forum on May 18 to announce that he wanted to buy two large pizzas and offered 10,000 bitcoins to anyone willing to order, collect and deliver them to him.

After waiting for almost three days, finally, on May 22, someone accepted his offer, and it became a historical moment. Since bitcoin’s value is over $22,000 currently, those two pizzas can be considered the most expensive of all time.

In an interview with CBS in 2019, Hanyecz said that he thought the transaction made bitcoin real for some people. “It certainly did for me,” he said.

Celebrating bitcoin pizza day

Celebrating Bitcoin Pizza Day helps create awareness about cryptocurrency. One can choose to celebrate Bitcoin Pizza day with authentic pizzas. Try paying with bitcoin. You can also invest in cryptocurrency and learn how the crypto industry works.

Another great way to celebrate the day is by making your pizza at home and inviting friends and family to share with you.