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 in 2022. 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. is also working on integrating Bitcoin services with traditional banking systems in Brazil to bridge the gap between crypto and the traditional financial system.

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