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Two Papa John's pizzas were the first real-world transaction involving cryptocurrency.

Findings

Additional insights we found via 60 Minutes

  1. In 2010, a programmer Laszlo Hanyecz made the first real-world transaction involving cryptocurrency—purchasing two Papa John’s pizzas for 10,000 bitcoins.

  2. While the transaction was lauded as a milestone for cryptocurrency, it has also become a tongue-in-cheek cautionary tale—the value of the purchase price exceeded $620M at bitcoin’s all-time high.

  3. Bitcoin, the oldest and most popular cryptocurrency, is a digital cash alternative introduced in 2009 that has rapidly grown in popularity since, now boasting a global user base.

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