According to a Bitrefill report, cryptocurrency users have splurged over $135,000 on pizzas in the past year alone.
Bitrefill’s in-depth analysis of internal pizza gift card sales data reveals that users have indulged in 3,941 pizzas using various cryptocurrencies. Bitcoin (BTC) paired with the Lightning Network still reigns supreme, accounting for 23.8% of total crypto pizza sales.
Following closely behind is Ethereum (ETH), commanding a 20.5% share in pizza orders, as per the Bitrefill report. USDT, the leading stablecoin with a market cap of $111 billion, holds a 6.8% slice of the global crypto pizza pie.
Dominating the list of pizza venues, Domino’s Pizza tops with 3,012 pizza orders paid for with cryptocurrencies in the past year. Papa John’s and Pizza Hut follow, with 473 and 173 such transactions, respectively.
Here are the top five U.S. states for crypto pizza orders, according to Bitrefill:
- California – 266 transactions.
- Texas – 211 transactions.
- Florida – 161 transactions.
- New York – 141 transactions.
- Washington – 136 transactions.
Bitrefill’s report coincides with the celebration of Bitcoin Pizza Day within the crypto community. On May 22, 2010, Laszlo Hanyecz, a developer and Bitcoin miner, made history by purchasing two Papa John’s pizzas for 10,000 BTC, then valued at around $41.
This landmark transaction marked the first documented real-world Bitcoin purchase, giving rise to the annual celebration of Bitcoin Pizza Day.
Hanyecz’s Bitcoins from that transaction would be valued at over $700 million today.
Summary Review: The past year has seen cryptocurrency users embracing the tradition of purchasing pizzas with their digital assets, with over $135,000 spent globally. Bitcoin remains at the forefront of these transactions, followed closely by Ethereum and USDT. Domino’s Pizza emerges as the preferred choice for crypto pizza purchases, leading the pack among pizza chains. As we celebrate Bitcoin Pizza Day on May 22nd, it’s a reminder of the humble beginnings of cryptocurrency adoption in real-world transactions. Laszlo Hanyecz’s historic pizza purchase with Bitcoin symbolizes the journey from novelty to mainstream acceptance, highlighting the significant value appreciation of Bitcoin over time.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
