- A pizza store in Santa Maria, California, is being sold for Bitcoin.
- It's nearly 11 years since the first Bitcoin transaction, in which two pizzas were bought for 10,000 BTC.
Decrypt’s Art, Fashion, and Entertainment Hub.
It's nearly 11 years since the day when Laszlo Hanyecz, a programmer from Florida, famously purchased two pizzas for 10,000 BTC (worth some $530 million today). Now, is once again being used for a pizza-related transaction.
But this time round, it’s a pizza store that is being sold for Bitcoin, rather than a couple of Papa John's pies, KSBY News reports.
Situated in Santa Maria, California, Bravo Pizza has been sold by its owners Matt and Kara Miller for an undisclosed sum of Bitcoin, to Jimmy Benavidez—who for the past several years has been the manager of the restaurant.
According to Benavidez, Bitcoin has been a common interest between himself and Matt, and the two of them often talked about the cryptocurrency.
For Matt, cryptocurrency is the future, because it offers “a unique way to exchange funds without centralized banking.”
“When he had mentioned he would take the payment in Bitcoin, it made a lot of sense to me,” said Benavidez, who takes over the property on April 1.
The Millers believe Bravo Pizza being sold for Bitcoin will be a “groundbreaking thing” for the Central Coast community; however, it might not be the first brick-and-mortar store to change hands via a cryptocurrency transaction. Earlier this year, two restaurants went on sale in New York, with their owner putting a price tag of 25 BTC or 800 ETH for both.
Even if a restaurant is a bit out of your price range, there are a growing number of physical goods you can now buy with crypto–from clothes and real estate to private jets and Tesla electric cars. And, of course, pizzas.