eGifter is celebrating the Pizza Day on May 22nd. What is Pizza Day? Four years ago two pizzas were purchased with 10,000 bitcoins on May 22, 2010, they would be worth about $5 million today. People have kept using Bitcoin to purchase pizza and so much more. eGifter allows you to buy a huge amount of varying merchants gift cards furthering Bitcoin’s reach as well as that of Litecoin and Dogecoin. The co-founder of eGifter, Tyler Roye, was able to talk to me about the impact of Pizza Day and why he is running a promotion to honor it.
[dropcap size=small]H[/dropcap]ow influential do you think that first pizza purchase was in expanding Bitcoin in people’s consciousness as a form of payment?
At the time, that purchase was little more than a social experiment– the programmer who bought the pizzas was more or less doing so just to say he could. However, the combination of that success with Bitcoin’s jump in value was a huge step in raising awareness about the currency over the next several years.
Do you think the first pizza sale was a turning point that sparked more businesses to begin accepting Bitcoin?
It was definitely a factor. The pizza sale has gained notoriety among many in the cryptocurrency community as a major landmark, but it was by no means the first transaction in Bitcoin’s history, which came over a year before, nor was it a case of a business directly accepting bitcoins – the programmer simply paid an intermediary 10,000 bitcoins for that intermediary to buy him the pizza. I think this purchase was a turning point for many due to its simplicity. The digital currency world can often be complex, which is why we’re excited about Bitcoin Pizza Day– it’s one of the best examples of showing both businesses and consumers a cryptocoin in action, in a way that’s easily understandable and applicable to their lives.
How has the adoption of Litecoin and Dogecoin as a form of payment been received so far?
We’ve had a very positive response from both the Litecoin and Dogecoin communities, as well as other cryptocurrency communities that are focused on entering the mass adoption space. While Bitcoin acceptance has started to take off, consumers interested in spending alternative coins, in a mainstream space are still faced with limited options, so we’re glad to be able to bring them access to hundreds of brands through our marketplace.
Do you have anything you would like to talk about with some of your plans with eGifter?
Going forward eGifter is focused on adding more brands to meet our user’s needs. We encourage the community to continue to tell us what brands they want to add. We also suggest they tell their favorite brands to reach out to eGifter. eGifter has made a point to be an early adopter in digital currency acceptance, connecting consumers using Bitcoin, Litecoin and Dogecoin to more than 200 major retailers and brands. This Bitcoin pizza purchase is what many consider to be the first time a digital currency was used in the commercial marketplace, so it seemed only natural that we offer a promotion that celebrates the incredible growth of Bitcoin and other cryptocurrencies since 2010. We’ve received such a passionate response from the Bitcoin and digital currency community, so this promotion is about giving back to those customers, as well as bringing increased awareness to the numerous ways cryptocurrencies can be and are used in the real world.
The promotion will run on May 22nd, for one day only. eGifter will offer four points back on all pizza gift cards from Domino’s, Papa John’s, Papa Ginos and Uno Chicago Grill purchased with Bitcoin, Litecoin or Dogecoin; an extra point from the standard triple points on all cryptocurrency purchases. eGifter will be sponsoring a giveaway of 10,000 points, to commemorate the first 10,000 Bitcoin spent in the real world. 10 Bitcoin users chosen at random will each receive 1,000 points. This is a great promotion for crypto currency users as well as an excellent way to celebrate the day that the infamous first pizza purchased with Bitcoin happened.
Last modified (UTC): May 21, 2014 10:47