Bitcoin Pizza Day: 1.1% APR on BTC and WBTC loans
Celebrate Bitcoin Pizza Day with CoinLoan! From May 17 to May 31, we are reducing our rates on BTC and WBTC loans to commemorate the first Bitcoin transaction. Borrow crypto at just 1.1% APR!
What is Bitcoin Pizza Day?
On May 22, 2010, Laszlo Hanyecz, an early Bitcoin adopter and miner, bought two pizzas for 10,000 BTC. This was the first known example of BTC being used to purchase physical goods. Back then, miners were rewarded with 50 BTC per block, and mining 200 blocks was relatively easy.
On May 18, Hanyecz logged on to Bitcointalk.org and posted an offer that went down in history. Anyone who would order, collect, and bring two large pizzas would get 10,000 BTC. On May 22, Jeremy Sturdivant bought two pizzas from Papa John’s and delivered them to Hanyecz.
This event heralded the commercialization of crypto. As Hanyecz recalled in his 2019 interview for CBS, it “made [bitcoin] real for some people. It certainly did for me”. At the time, 1 BTC cost less than half a cent. If Hanyecz had waited until the all-time high, he would have been able to afford 46 million $15 pizzas. On November 10, 2021, 10,000 BTC was worth over $680 million!
Bitcoin Pizza Day offer on CoinLoan — get 1.1% APR!
The promotional rate applies to all BTC and WBTC loans with 20% LTV taken out between May 17 and May 31, 2022. Get one or more loans with instant approval and flexible repayment options. No credit checks, no paperwork, no hassle!
This offer starts and ends at 00:00 UTC.