It might surprise you to learn that Papa John’s is one of the largest online/offline pizza delivery services in the world, and it now accepts Bitcoin for orders made in the U.K. In a statement made to CoinJournal, a spokesperson for the company said: “Papa John’s has always tried to keep up with the latest innovations and that means embracing new technologies like Bitcoin. We hope to offer an easy way to purchase our delicious pizza for those who have Bitcoin because it is becoming more and more popular.”
US pizza giant Papa John’s is offering its UK customers £10 worth of free bitcoins, according to a new offer on the pizza giant’s homepage.
Choose an online bitcoin deal, spend at least £30 to get £15 off and free bitcoins, it says.
The offer is part of a partnership with Luno, a London-based cryptocurrency exchange, to convert pizza into bitcoin. According to the company’s Facebook page, the promotion ends on the 23rd. May.
In 2010, a programmer named Laszlo Hanech paid 10,000 BTC for two large pizzas from Papa John’s. Many say this event was fundamental to the development of the idea of a Bitcoin vault.
But judging by past examples, mixing bitcoin and fast food is usually not a success.
Haniec doesn’t regret buying a pizza for 10,000 bitcoins
In 2010, bitcoin was just a fledgling idea that was beginning to catch on in certain parts of society. Mining bitcoins with a standard laptop or desktop processor was quite possible back then.
As one of the first bitcoin miners, Laszlo Haniec used the then 50 BTC block reward to amass a significant number of bitcoins.
In 2010 the use of BTC as a means of payment was still unknown. But in defiance of this convention, Hanietz posted an offer to trade 10,000 BTC for two large pizzas.
Someone took him up on his offer and arranged for delivery by a local Papa John’s restaurant, and the rest is history. Today, 10,000 BTC are worth a whopping $558 million.
But Hanietz says he doesn’t regret the deal. Instead, he remains philosophical, saying it’s all part of a delicate balance that supports the incentives of interest groups.
Are cryptocurrencies good for PR campaigns?
Fast food companies often look to cryptocurrencies as a way to sell more products. Over the years, there have been numerous experiments with cryptocurrencies.
For example, in January 2018, at the beginning of cryptowinter, KFC introduced a bitcoin bucket. The accompanying tweet mocked the apparent complexity of cryptocurrencies.
KFC Canada introduces the #Bitcoin bucket. Of course, we don’t know exactly what bitcoins are or how they work, but that shouldn’t come between you and the delicious chicken you’ve been licking your fingers at.
In 2019, Burger Kings in Germany, the Netherlands and Russia began accepting bitcoin directly as a form of payment.
But franchisees quickly rejected the BTC payment option, citing laws that prohibit accepting cryptocurrencies as payment. The general consensus is that cryptocurrencies are good for PR campaigns, but not as a permanent means of payment.
Nevertheless, Papa John’s limited offer to issue bitcoin to customers is an indication that fast food companies are still aware of the potential of cryptocurrencies in their industry.
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Frequently Asked Questions
How do you get free pizza from Papa Johns?
Bitcoins are now worth, on average, around $1,000 each. But when a user named “laszlo hanyecz” famously paid 10,000 Bitcoins for two Papa John’s pizzas in 2010, those 10,000 coins were worth about $25. (At today’s prices, those 10,000 Bitcoins would be worth about $100 million.) laszlo hanyecz is a person who got pizza for 10,000 bitcoins. I’ve heard of people that got free pizza from papa johns for giving them a tip of 0.01 BTC. I’m not sure how that works.
Can you buy pizza with Bitcoin?
Last week, two pizzas were sold for 10,000 Bitcoins. At the time, the value of Bitcoins was $25 each, meaning that those pizzas set a new record. This year, people have been making big purchases with Bitcoins, and the trend is only becoming more popular. It seems that Bitcoins are becoming more and more valuable as more people learn about their unique value and the benefits they can provide. The question whether you can buy pizza with Bitcoin is very popular among Bitcoin newbies and the answer is yes, you can. It all happened in 2010 when the BitcoinTalk Forum member laszlo hanyecz offered 10,000 bitcoins in exchange for a couple of pizzas. At the time when he posted his offer, 10,000 bitcoins were valued at around $41. Today, it would be worth more than $7 million dollars.
Does Papa John’s give you a free pizza on your birthday?
Today, Papa John’s is the largest take-away pizza chain in the world, with restaurants in the U.S., Canada, and the UK. The company’s menu also includes chicken wings, pasta, and a variety of side-dishes. (No word on whether they’re planning to add pizzas to their dessert menu any time soon.) In addition, Papa John’s hosts an annual “Better Ingredients, Better Pizza” competition, and awards $1 million to a customer who submits the best new pizza-related product. If you have ever wondered what happens when you call up Papa John’s and ask for a pizza, this is the blog for you. Apparently, not a whole lot. As Reddit user laszlo_hanyecz found out, there is no free pizza.
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