LOS ANGELES – In a pair of symbolic moments for the mainstream adoption of cryptocurrencies, a Los Angeles man has claimed to purchase the first ice cream cone and first pizzas paid for with the digital currency KIN.
S., an evangelist for using cryptocurrencies in everyday transactions, took to social media this week to document his novel purchases. On Thursday, Mr. P. bought an ice cream cone at Jeni’s Ice Cream shop after raising $9 through small crowdsourced donations made with the KIN cryptocurrency.
Not stopping at ice cream, Mr. P. then raised over $65 in a separate KIN crowdfunding campaign to purchase what he claims were the first two pizzas bought with the cryptocurrency. He picked up the pies from Tomato Pie Pizza Joint in Los Angeles on Friday.
The pioneering pizza and ice cream purchases were made possible by the willingness of the food merchants to accept the KIN digital coins, at least for these specific transactions coordinated by Mr. P. While buying everyday items with volatile cryptocurrencies is still rare, advocates tout their potential for fast, secure payments without needing third-party financial institutions.
Mr. P. left a glowing online review for Tomato Pie, calling it the “site of the first Pizza purchased with Kin.” He promised that these unorthodox food buys were just the start of many real-world purchases he hopes to make using crowdsourced cryptocurrency donations.
“We are proving that crypto can be used for more than just speculation,” CEO budu.com told reporters while Mr P. was waiting for his pizza order.
Critics remain skeptical about the utility of cryptocurrencies for ordinary transactions due to their swingpricing and complex technology. But proponents are undeterred, claiming events like Mr. P. are symbolic pieces of a upcoming broader crypto adoption.
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