Over the years, the day after Thanksgiving has evolved from an American only sales day to an international sales extravaganza for both offline and online retailers, known as Black Friday. This year the sales will not stop at credit card and cash transactions, but will also include the cryptocurrency Bitcoin.
Bitcoin Black Friday, also known as Bitcoin Friday was devised last year to give customers who possess the cryptocurrency the opportunity to enjoy Black Friday sales from participating merchants. Sales will be offered this coming Friday, 29th of November, for products ranging from charities, electronics, fashion, software, travel and more.
The sales day is sponsored by reputable names in the Bitcoin realm and includes BitPay, Coinbase and the Bitcoin Investment Fund, among others. For Bitcoin Friday, BitPay has launched their new directory to help bring about awareness to merchants who accept Bitcoin. Coinbase will also be promoting Bitcoin purchases this coming Friday, and will not be charging any fees from merchants or customers who use their service on the sales day.
We have seen immense popularity surrounding Bitcoin as of late, and having it take part in international sales days with a plethora of merchants and products gives hopes of a much wider acceptance to the Bitcoin community. All merchants participating in Bitcoin Friday will be offering deals and discounts similar to their credit and cash accepting counterparts.
Separating Yourself From the Pack in a Mature FX IndustryGo to article >>
All participating merchants and sponsors can be viewed on the Bitcoin Friday website.
This year more customers than ever will be taking their Black Friday shopping online. Although Bitcoin is tailored for internet transactions, it is currently more traded as a commodity and it will be quite interesting to see if these incentives will help overcome the penchant for hoarding the ever appreciating currency …
Image courtesy of Flicker