The Return of the Bitcoin Pizza – How are People Spending Crypto in 2022?
By Space Coast Daily // May 18, 2022
May 22 marks Bitcoin Pizza Day. It’s the date on which Bitcoin pioneer Laszlo Hanyecz used his digital currency to buy two pizzas. Hanyecz paid 10,000 BTC for the pizzas, a price equivalent to almost $700 million at Bitcoin’s peak and around $300 million today.
For the past decade, Bitcoin Pizza Day has served as a reminder of why Bitcoin has not hit the mainstream as a currency that we can use to make everyday purchases. Now, on the 12th anniversary, however, times are changing.
Buy a Bitcoin pizza in Miami
Last year, Investopedia named Miami as one of its 10 Bitcoin hotspots. If there’s one thing we know, it’s that nothing says crypto adoption like pizza. The city’s Pizza Bar restaurants, which are located across Miami Beach, started accepting crypto payments last year. Customers can pay using Bitcoin or a choice of nine altcoins, using the Bitpay app.
Jared Galbutt is managing partner at Menin Hospitality, the company that owns Pizza Bar. He said in a press release that offering crypto payment provides added convenience for “tech-savvy guests and customers.”
Try your luck in an online casino
The first Bitcoin casino opened eight years. At the time, it was at best seen as an intriguing curiosity that might appeal to digital nerds. Today, however, iGaming with crypto has become almost mainstream. It’s particularly popular in counties and jurisdictions where the regulatory status of online casinos is still unclear. Australia presents a good example of this principle in action, as this BitStarz review demonstrates.
The appeal of crypto casinos runs deeper than staying anonymous and avoiding problems with bank transfers to and from gambling operators, however. There’s a certain elegance to using digital currency for real money gaming in a digital world. Transfer times are practically instant, fees are usually non-existent and the security is second to none. Bitcoin casinos tend to be the more forward thinking, too, so if you are getting bored of the same old slots and table games, this is where you are more likely to find newer and more interesting games.
Kit out you home at Overstock
Overstock was the first major online retailer to accept all major cryptocurrencies, so you can use your digital coins to buy everything from kitchen appliances to soft furnishings. It was all thanks to charismatic businessman Patrick Byrne, who was Overstock’s CEO from 1999 to 2019 and was one of crypto’s most high-profile champions. Byrne has now moved on to other things, but the company’s support for crypto remains as strong as ever.
Give a little back
The past two years have been tricky times for charities and NPOs. There are several that you can support by donating crypto, ranging from vital charities like the Royal National Lifeboat Institution and the Rainforest Foundation to other NPOs, such as Wikipedia. All these organizations rely on donations to survive, so there’s no better way to spend a virtual coin or two.