An American entrepreneur wants to raise funds to fund the development of Bitcoin. To do this, he created a new brand: Bitcoin Pizza…
Anthony Pompliano is a fairly well-known entrepreneur and influential person in the United States. He partnered with startup Popchew to create Bitcoin Pizza. Note that this young company specializes in creating food brands. The American entrepreneur will present his initiative on May 22 in 10 American cities. The list includes such major cities as New York, Boston, San Francisco, Seattle and Houston. The Bitcoin Pizza launch will take place without any major pizza chain. Pompliano favors local independent brands. From May 22nd, each of them should offer pizza in boxes with the Bitcoin Pizza brand.
The choice of May 22 is not accidental. Indeed, the date coincides with the eleventh anniversary of the first transaction with the most famous cryptocurrency. On May 22, 2010, Laszlo Hanets paid 10,000 bitcoins to buy two pizzas.
Today it will amount to about $ 400 million. Which makes them, in hindsight, the most expensive pizzas in the world.
Only dollars to pay for bitcoin pizza
Bitcoin Pizza may be the result of a Bitcoin development funding initiative, but customers won’t be able to use their bitcoins to buy pizza. This has brought the brand a lot of social media reviews. Many do not understand the ban, especially since this is an initiative aimed at supporting cryptocurrency.
In fact, the brand’s goal is not to get people to use their bitcoins for transactions. For its founder, the real goal is “ raise funds in the form of devalued fiat currencies to finance the development of bitcoins “…
Permanent brand soon?
The profits from Bitcoin Pizza will go to the Human Rights Foundation (HRF) Bitcoin Development Fund program. The latter is an organization that has been actively working on the development of cryptocurrency for almost a year. On April 15, he received donations worth $ 316,303. Please note that HRF is donating part of the donation to Bitcoin Core developers. The organization also funds internships for students who want to learn more about Bitcoin and for people who develop cryptocurrency-related applications.
For now, the Bitcoin Pizza brand only exists for this pilot initiative, which is scheduled for completion on May 29th. Please note that HRF is expected to receive between $ 10,000 and $ 20,000 from the event. If the Pompliano sign becomes permanent, Bitcoin could be considered, which should put an end to the criticism.