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Everything You Need to Know About Bitcoin Pizza Day

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On May 22, 2010, a man in Florida paid 10,000 Bitcoin for a pizza.

When Laszlo Hanyecz bought two pizzas at Papa John’s that day, it was considered the first ever purchase with Bitcoin. The transaction paved the way for the financial revolution brought by cryptocurrency.

Oh, and the value of those 10,000 Bitcoins today? Just a cool $650 million.

Since then, May 22 has been dubbed “Bitcoin Pizza Day,” to commemorate the day Bitcoin was first used for commercial purposes. Here’s more about that fateful day.

This article originally appeared on Quartz.

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