After your previous Bitcoin (BTC) sale above the price on eBay Mid 2015 Chris Maurice, CEO of Yellow Card, an African cryptocurrency exchange, started a small business by selling the asset in various Taco Bell stores. Maurice worked with his friend Justin Poiroux in this new endeavor. Poiroux, who later co-founded the Yellow Card Exchange, first told Maurice about Bitcoin about two years earlier.
“We’d post on Craigslist and LocalBitcoins and say, hey, we have bitcoin, come and meet us and give us cash and we’ll give you the bitcoin.” Maurice told Cointelegraph in an interview. LocalBitcoins serves as a popular way to sell Bitcoin person to person. These are known as OTC (over-the-counter) transactions.
Given that their online posts were in demand, The couple of university entrepreneurs chose Taco Bell as their meeting place to conduct BTC sales transactions. Said Maurice.
“Every Wednesday around 7pm you could come to Taco Bell on Gay Street in Auburn Alabama. You could find Justin and me at the table in the far corner eating our 12-pack Doritos Locos Taco, and you could sit down a few Hundreds of dollars in cash on the table and we would scan your QR code and give you bitcoin. “
After about two weeks of sales, The two visionaries expanded their team and recruited colleagues from universities such as Yale and Georgia for the company. “In another three weeks we had seven taco bells in the eastern US that you could buy bitcoin in,” said Maurice.
“We did this for about two and a half months before we decided we should probably do something less casual with our lives,” he said and He added: “That’s where we started Yellor Card.”
Crypto has come a long way since it was launched in 2008. More recently, mainstream funding has gained traction, along with a very wild 2020 so far.