After a previous attempt to sell bitcoin (BTC) at a premium on eBay in 2015, Yellow Card CEO Chris Morris started a small business by selling the asset on several Taco Bell websites. Morris worked with his friend Justin Poirot on this project. Poirot, who later co-founded the Yellow Card Exchange, first explained Bitcoin to Morris about two years ago.
Morris told Cointelegraph, “We posted on Craigslist and LocalBitcoins and said,“ Hey, we have bitcoins, come and give us some money, and we’ll give you bitcoins. ”LocalBitcoins operates as a popular way to sell bitcoins, also called OTC or OTC transactions.
According to Morris, two college entrepreneurs chose Taco Bell as the meeting place for BTC sales presentations as their online publications were met with demand.
“Every Wednesday at 7 PM, you come to Taco Bell on Jay Street in Auburn, Alabama. You can find Justin and I at a table in the far corner and eat 12 packages of Doritos Locos tacos, and you can get a few hundred dollars in cash.” , We scan your QR code and give you Bitcoins.
After about two weeks of sales, the two men expanded their ranks by recruiting friends from colleges like Yale and Georgia on their venture. “For the next three weeks, we had seven taco bells in the eastern United States where you can go and buy bitcoin,” Morris said.
“We did it for about two and a half months before deciding that we would probably do something less superficial in our lives,” he said, adding, “That’s when we started working on the yellow card.” …
Cryptocurrency has come a long way since its inception in 2008, and has gained momentum in major economic flows in the past, along with the turbulent year of 2020.