A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin Pizza Day event organized by the local community. The purpose of making Bitcoin Pizza Day official is to increase awareness of decentralized finance innovations in Porto Alegre, which has a population of 1.5 million people. Bitcoin Pizza Day originated when a user on the BitcoinTalk forum offered 10,000 Bitcoins for two pizzas on May 22. This marked a turning point for crypto enthusiasts, as it was the first time Bitcoin was used as a medium of payment. The value of the Bitcoins used for the purchase was $41 at the time. The blockchain industry in Brazil is advancing, with major businesses offering cryptocurrency services to clients. Brazilian bank BTG Pactual launched its own crypto trading platform called ‘Mynt’, while Amber Group announced its intention to expand retail trading activities in Brazil. Visa Inc., the largest retail electronic payments network, is also integrating Bitcoin services with traditional banking systems in Brazil. This move aims to bridge the gap between crypto and the traditional financial system.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	South America
Countries	🇧🇷
Sentiment	positive
Relevance Score	1
People	Jesse Sangalli, Sebastiao Melo, Alexandre Bobadra, Laszlo Hanyecz
Companies	Amber Group, BitcoinTalk forum, BTG Pactual, WhaleFin, Visa Inc.
Currencies	Bitcoin
Securities	None