What Is Bitcoin Pizza Day?-banner-imageAcademy

What Is Bitcoin Pizza Day?

What Is Bitcoin Pizza Day?

Bitcoin Pizza Day commemorates the first real-world Bitcoin transaction, which took place on May 22, 2010. On May 22, 2010, Laszlo Hanyecz, a Bitcoin enthusiast living in Florida, bought two pizzas using Bitcoin. At the time, Bitcoin was a brand-new technology and had a small community. Laszlo Hanyecz wanted to prove that Bitcoin could be used in real-world purchases, so he bought himself two pizzas for 10,000 BTC.

Bitcoin Pizza Day celebrates the first real-world BTC transaction as well as the rise and success of Bitcoin. Since then, Bitcoin's value, adoption rate, and use cases have significantly increased. Bitcoin, which can now be used as a means of payment in many parts of the world, El Salvador recognized Bitcoin as a legal tender on September 7, 2021.

Use Cases of Bitcoin Today

As of this writing, May 2023, unfortunately, cryptocurrencies cannot be used as a means of payment in Türkiye. However, today BTC can be used to buy goods and services in many countries. Some of the real-world BTC use cases include:

Online Retailers

There are many online retailers that accept Bitcoin payments. On some websites that do not accept Bitcoin payments, it is still possible to pay with Bitcoin through intermediaries. Major online retailers such as Overstock, Newegg, and Shopify are among these websites.

Tourism Companies

Today, many tourism companies allow customers to pay with Bitcoin. Notable travel booking platforms such as Expedia, Travala, and Destinia are among the companies that accept BTC payments.

Real Estate

Bitcoin has come a long way in the real estate sector. Some of the real estate companies that accept BTC payments are:

  • Propy
  • Magnum Real Estate Group
  • The Ivanov Group

Sports Organizations

Today, many sports clubs around the world allow their fans to buy tickets using BTC. Some of these sports clubs are:

  • Dallas Mavericks (NBA)
  • Sacramento Kings (NBA)
  • Miami Dolphins (NFL)
  • Oakland Athletics (MLB)