Thanksgiving weekend 2014 provided the biggest day for Bitcoin sales in history. Those in the Bitcoin industry will be watching the frenzy with a keen eye, from the safety of their couches, buying things cheap - with Bitcoin.
Black Friday immediately follows the U.S thanksgiving on the 3rd Thursday in November. It is considered to be the first day of the Christmas shopping season, and horror stories flood the media every year about the shopping frenzies that take place.
Blackfridaydeathcount.com is an ominous website that keeps track of the injuries, and unfortunate deaths, that take place on this particular day. Since 2006 there have been 7 deaths and 90 injuries, most of the latter from pepper spraying large groups of people wrangling for the best deals.
The massive discounts, designed to lure eager consumers, start as early as the stroke of midnight in some stores. Thousands of people line up the night before. The high numbers of shoppers, in small spaces, with inadequate crowd control have lead to some shocking situations. Shootings over parking spaces and arguments resulting in arrests, all over the last discounted Xbox 360, have made headlines in previous years.
Black Friday mania is no longer limited to the United States. Countries such as New Zealand and the UK are joining the party. Hunting out the best deals, to spoil loved ones with over the Christmas holidays, is trending. The obvious dangers that this shopping day brings in the US could become a global phenomenon.
What if there were another way though? One in which the credit cards don’t track your every purchase and you don’t have to worry about being trampled on by hundreds of angry feet? Well, Bitcoin Black Friday has the answer, and is looking forward to another successful year.
“Bitcoin Black Friday is a holiday shopping extravaganza just for Bitcoin users. Starting on the 26th, through Black Friday on the 28th, and until Cyber Monday, hundreds of merchants selling everything from web hosting to organic beer will offer special deals to anyone paying in Bitcoin,”
— – BitcoinBlackFriday.com
Bitcoin Black Friday celebrates its third birthday this year, providing deals to Bitcoin enthusiasts the world over utilizing BitPay Inc, the increasingly popular payment processor. In a blog released earlier this month BitPay reported that they saw a 6,260 percent rise in sales, 3,900 Bitcoin related articles were published by the mainstream media, and 100,000 visitors went to BitcoinBlackFriday’s website. Amagi Metals saw $1 million in sales, and Gyft enjoyed a 500 percent boost in their sales. Could this years holiday see further growth?
“Last year’s Bitcoin Black Friday event was the most popular day in the history of bitcoin commerce. We hope to see even more merchants join the bitcoin community for this year’s event,”
— – Tony Sakich, Marketing Manager at BitPay, Inc
BitPay believe that this year will be even bigger than last time round, citing the following reasons:
- Black Friday was by far BitPay’s largest day for transaction volume in 2013 with $6 million processed. Today, BitPay processes $1 million per day in transactions.
- Many high volume ecommerce merchants have began to accept bitcoin, some examples include TigerDirect, NewEgg, Warner Bros. Records and SchiffGold
- PayPal merchants can now accept bitcoin payments through BitPay in PayPal’s Payment Hub.
- Merchant acquirers such as Global Payments and Alternet Systems now have partnerships with BitPay to allow their large global network of merchants to easily integrate bitcoin payments.
- POS systems SoftTouch, VisualTouch and DC POS have integrated retail point-of-sale bitcoin payments within their systems, making bitcoin acceptance available for hundreds of thousands of new merchants.
BitcoinBlackFriday.com has pulled together some amazing deals, from large and small merchants alike. Whether it be clothing from Dogecoin athletics or expanding music repertoire, there is something for everyone.
Now Bitcoin can jump into the limelight yet again, providing similar bargains to the brick and mortar stores. Not only does Bitcoin provide safety from Identity theft, theres physical safety to consider too this weekend. Information will not be stored in centralized servers, and clawing your way through the crowds for that pashmina scarf your mother in law wants will no longer be an issue.
B.Holmes, author of The Range of Illusion and The Private Key installments, is currently located in Thailand, researching and writing about crypto. You can follow B.Holmes on twitter @BanteringB, or contact via email: [email protected]