Godfrey Benjamin
30 October 2022 at 15:00
The Brazilian city of Porto Alegre has created a public holiday to mark Bitcoin Pizza Day
A bill was previously passed to recognize May 22 as Bitcoin Pizza Day in the city of Porto Alegre in Brazil. Sebastião Melo, the city's mayor, is credited with approving the law around the end of August.
Megaphone user @Akva556 Announce The news follows a press release on Wednesday.
Councilors Jesse Sanjali and Alexander Popdra were responsible for drafting the bill after attending a Bitcoin Pizza Day event organized by the local community in 2022. Both were inspired by lectures they received explaining Bitcoin in detail.
Sangalli stated that the purpose of making Bitcoin Pizza Day official is to raise awareness of DeFi innovations in Porto Alegre, a city with a current population of 1.5 million people.
Bitcoin Pizza Day originated when a user from the BitcoinTalk forum named Laszlo Hanyecz offered 10,000 Bitcoin for two pizzas on May 22.
That day is seen as a turning point for cryptocurrency enthusiasts because it was the first time Bitcoin was truly used as a means of payment. One bitcoin was worth $0.0025 at the time, and the value offered in bitcoin cost $41 in total.
Advancement of Blockchain Industry in Brazil
Major Brazilian companies are gradually enabling customers to start using Cryptocurrencies Quickly and easily in order to diversify their assets, protect against inflation, and reduce transaction costs as cryptocurrencies are rapidly gaining popularity in Brazil.
In August, Brazilian bank BTG Pactual Fired Its own platform called “Mynt” for cryptocurrency trading has become publicly available.
Amber Group, a startup that also works in the cryptocurrency space Announce Its intention to expand its retail business activities in Brazil through its retail platform called WhaleFin.
The world's largest retail electronic payments network, Visa Inc., has begun work on it to merge Bitcoin services with traditional banking systems in Brazil. By doing so, Visa hopes to bridge the gap between cryptocurrencies and the current traditional financial system.
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