Bitcoin Black Friday Looks to Stir Up Bitcoin Commerce
Black Friday and Cyber Monday may be the two biggest days of shopping of the year in the U.S., but is there a shopping bonanza for the burgeoning bitcoin economy?
The Bitcoin Black Friday might be the digital currency’s answer, and it’s the brainchild of bitcoin evangelist Jon Holmquist. Like the traditional Black Friday, it happens a day after Thanksgiving.
Thanksgiving marks a retail frenzy where most of America goes absolutely bonkers for sales and deals especially at big box locations, but recent years have had consumers shopping online rather than in stores– which may be due to a combination of convenience and shoppers being too dosed on tryptophan to bother lining up.
Bitcoin has risen to astronomical prices thanks in part to rising demand and the U.S government hinting that it would not take heavy-handed enforcement actions against the currency.
Those looking to step into to owning them at this point, and more importantly spending them, might be wondering: “where exactly do I spend these bad boys?”
There are several directories with participating online merchants that take bitcoin, including bitcoin payment processor BitPay’s merchant listings, Spend Bitcoins, and the Bitcoin Black Friday site itself.
The goal here is to grow demand of both merchants’ and consumers’ acceptance of bitcoin, and to inform both sides that there are some very forward thinking people willing to push for bitcoin as a global method of payment.
The promise of big savings is certainly enticing, and positioning Bitcoin Black Friday to coincide with Black Friday is a move that’s making a statement – one that says bitcoin can be a viable tool for commerce. It’s less reminiscent of “Yes We Can,” and more along the lines of, “Yes We Are.”