Bitcoin Black Friday has become a household name to Bitcoiners around the world, even those that don't celebrate Thanksgiving, the reason for Black Friday's commercial existence. Over the past year, larger and larger merchants have started experimenting with holding the bitcoins that they receive, or…
Earlier this week, BitPay posted to its blog reminding merchants and users to watch out for Bitcoin Black Friday. BitPay’s Tony Sakich wrote:
The largest day of the year for bitcoin purchases is rapidly approaching. Bitcoin Black Friday will be taking place on November 28th, and BitPay wants to make sure merchants are prepared and have their sales listed on BitcoinBlackFriday.com. Last year’s Bitcoin Black Friday event was the most popular day in the history of bitcoin commerce. We hope to see even more merchants join the bitcoin community for this year’s event.
BitPay processed $6 million USD for Bitcoin Black Friday 2013. That was before some of the biggest names in Black Friday ecommerce, such as Newegg and TigerDirect, started accepting Bitcoin. Just imagine what this year will be like.
BitcoinBlackFriday.com founder Jon Holmquist spoke with CCN about Bitcoin Black Friday 2014:
How has Bitcoin Black Friday grown since its inception by the numbers? How many bitcoiners and merchants are projected to be involved this year?
The first year we threw Bitcoin Black Friday it was tiny. Bitcoin was still growing and we ended the day with about 60 merchants participating. Last year we grew to over 600 merchants participating.
This year, I’d love to continue the history of increasing tenfold, but at the very least we’ll be happy with 1200 quality merchants participating. In terms of consumers’ usage, we aren’t a middleman, so it is very hard for us to predict or even measure how many consumers participate. As long as we see a significant increase in the amount of transactions on the network over the average, we’ll be happy.
What is a new feature that you are most proud of?
What is Bitcoin Black Friday’s role in the growing genre of Bitcoin holidays?
Bitcoin Black Friday is a way for anyone to purchase gifts for their loved ones and benefit from the increased deals websites are able to offer due to the low cost of Bitcoin. I think that any event that brings the community together is a good thing. I’d rather have a Bitcoin holiday than a conference any day.
Where do altcoins stand in Bitcoin Black Friday? Will there be a Cryptocurrency Cyber Monday?
We are an inclusive event. Obviously we focus mainly on Bitcoin merchants but I’ve reached out to a couple altcoin communities about running an event with merchants that accept their currency. The communities have grown enough where it might be feasible. Right now, I’ve opened it up publicly to the Dogecoin community: https://www.reddit.com/r/dogecoin/comments/2lpu59/dogecoin_black_friday/ but only if they get a minimum of 60 merchants to participate. If the 60 merchant level is reached they will get a separate specifically designed landing page for the event.
What are you most excited about buying on Bitcoin Black Friday? Comment below!
Images from Shutterstock.
Last modified: January 8, 2020 3:18 PM UTC