Following an earlier endeavor promoting Bitcoin (BTC) at a premium on eBay in 2015, Chris Maurice, CEO of African crypto change Yellow Card, made a
Following an earlier endeavor promoting Bitcoin (BTC) at a premium on eBay in 2015, Chris Maurice, CEO of African crypto change Yellow Card, made a small enterprise promoting the asset at a number of Taco Bell areas. Maurice labored along with his good friend Justin Poiroux on the endeavor. Poiroux, who later co-founded the Yellow Card change, first defined Bitcoin to Maurice about two years prior.
“We’d submit on Craigslist and on LocalBitcoins, and we’d say, ‘Hey we’ve Bitcoin, come meet up with us and provides us money and we’ll provide the Bitcoin,'” Maurice instructed Cointelegraph in an interview. LocalBitcoins serves as a preferred technique for promoting Bitcoin from individual to individual, additionally known as over-the-counter, or OTC transactions.
Discovering their on-line posts met with demand, the pair of faculty entrepreneurs selected Taco Bell as their meetup location for the BTC gross sales transactions, Maurice stated.
“Each Wednesday at about 7 p.m. you would come to the Taco Bell on Homosexual Road in Auburn Alabama. You can discover Justin and I within the again nook desk consuming our Doritos Locos Taco 12-pack and you would slap a pair hundred {dollars} money on the desk and we’d scan your QR code and offer you Bitcoin.”
After roughly two weeks of gross sales, the 2 visionaries expanded their outfit, recruiting friends from faculties corresponding to Yale and Georgia for the enterprise. “Inside one other three weeks, we had seven Taco Bells on the jap United States the place you would stroll in and purchase Bitcoin,” Maurice stated.
“We did that for about two and a half months earlier than deciding we should always most likely do one thing much less sketchy with our lives,” he stated, including, “That was once we began Yellow Card.”
Crypto has come a good distance since its inception in 2008, gaining additional traction with mainstream finance just lately, in tandem with a wild 2020 up to now.