Bitcoin has emerged strongly as a movement and an asset to cling on to from its status of the only Cryptocurrency around, over the past few years. And now more and more are joining this cartwheeling payment tool.
Bitcoin Black Friday was coined in 2012 by Jon Holmquist as a platform to support the ‘Bitcoiners’ to showcase the advantages of the new technology, launching BitcoinBlackFriday.com and transforming a mainstream cultural moment into an effective tool to promote the use and acceptance of Bitcoin.
In the previous editions, hordes of merchants have participated in Bitcoin Black Friday and played their part for the bitcoiners by offering special discounts for those willing to pay in BTC.
Peer-to-Peer (P2P) marketplaces have offered bitcoin discounts on normal purchases too, along with the customers gaining access to massive directories of bitcoin-friendly deals.
In 2013, this event was a blessing in disguise for the children affected by Super Typhoon Haiyan in the Philippines, as the Bitcoin Black Friday was aiming to help with their rehabilitation and making their situation better. BitPay, a bitcoin payment gateway, announced that it had processed 55,288 bitcoin merchant transactions in November, which was a record-breaking feat.
Cut to 2020, Bitcoin Black Friday 2020 comes as a chance to promote BTC adoption to both direct customers and merchants alike, to make bitcoin a practical medium of financial exchange for more everyday people and a wider spread of the nascent technology.
“It’s also an exciting reminder of how much cool Bitcoin swag is up for sale every day, from the hardware wallets and nodes that form the backbone of the Bitcoin network, to the one-of-a-kind artwork and literature celebrating this cultural revolution”- said the Bitcoin Magazine, announcing the Bitcoin Black Friday 2020.
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