• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

“Bacoin” Spoof Shows Growing Mainstream Acceptance of Cryptocurrency

newsbtc by newsbtc
3 years ago
in Cryptocurrency news, Opinion
Reading Time: 2min read
bacoin
Advertisement
Listen to Article

There are those who believe everything is better with bacon. Elvis topped his PB and banana sandwiches with it, pop idols use it for facials and scientists have proven that it cures hangovers. Now, Oscar Meyer, the processed pork purveyors who have been filling American’s sandwiches with bologna and ham loaf for decades have paired the desire for the savory cured meat with the cutting edge technology of cryptocurrency to create the ‘Bacoin’.

Bacoin can be Cashed in for Actual Bacon

Yes, the Oscar Meyer digital token is backed by the gold standard of pig products, sugar cured bacon. Is it confusing? Not so much that Kieth Sizzle “Bacoin architect/digital prophet” who looks as if he were pulled straight from the Silicone Valley call list, cleaned up and accented with mustard-colored shirt and glasses couldn’t explain it in a two minute Youtube video.

Simply go to the Oscar Meyer website and sign in for a chance to win a Bacoin, which today at 1:30 pm is worth 17 strips of bacon. Down considerably from the 24 hour high of 42, according to the Oscar Meyer Bacoin graph – the Bacoin market is a volatile place.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

All I got for signing in was a message telling me that “losing is a bummer“, but that I could add to the value of Bacoin by going on social media and tweeting about it. The initial Bacoin offering (IBO) will be ongoing until May 14 which is coincidentally the day before Bitcoin Cash is set to fork. Fork – Bacoin, no never mind, there’s nothing there.

Ad Campaign Shows Mainstream Acceptance

This campaign actually says a lot about the current status of cryptocurrency in the media. When a so-called trend or movement gets big and well absorbed enough that a sandwich meat company is willing to try to utilize its popularity to push something already as mass consumed as bacon it can longer be considered fringe. It means that ‘Bitcoin’ has moved from being a punchline on late night talk shows to something more recognizable, a wedge to get consumers to open their wallets, fiat wallets that is.

The Oscar Meyer campaign isn’t the first, though it may be the most clever, to ride the coattails of cryptocurrency. It isn’t even the first food-based company to do so. Long Island Iced Tea Corp. changed its name to Long Island Blockchain Corp. during the Bitcoin frenzy in 2017 and watched their stock price escalate. KFC offered the Bitcoin Bucket in Canada where they even offered a free bucket of chicken to Satoshi if he would pick it up in person.

No other company though has matched Burger King which released the “WhopperCoin” in August 2017. The coin trades on Ethereum competitor Waves blockchain network. Costumers earn coins when they purchase Whoppers, the coins are held in a digital wallet and can either be accumulated to pay for more whoppers or exchanged for other currencies trading on the network.

“Now Whopper is not only burger that people in 90 different countries love – it’s an investment tool as well,” Ivan Shestov, head of external communications at Burger King Russia.

Regardless of the absurdity of the ad campaigns, the real message for those paying attention is that cryptocurrency is out of the shadows and moving quickly into the light of mainstream.

 

Image from Shutterstock
Tags: advertisingbacoinbaconBlockchain industry
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Trouble for Bitcoin as 3 On-Chain Indicators Point to Potential Sell-Offs

2 hours ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Severe Liquidity Shock Ahead for Bitcoin Market, Warns JPMorgan

4 hours ago
regulations

Crypto Exchanges: Slow Shift to Classic Financial Industry Regulations?

6 hours ago
defi

11 DeFi Projects Rumored to Be Airdropping Tokens

21 hours ago
Nimbus: The Next Big Thing in DeFi

Nimbus: The Next Big Thing in DeFi

22 hours ago
ILCOIN

Age of ILCOIN: A Revolution in The Merger of VR With Blockchain-Based Gaming

23 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Coinbase Custody to Support Dvision Network (DVI)

January 26, 2021

A New Year – New Opportunities in Crypto

January 26, 2021

1xBit Introduces New Live Casino Tournament DEAL OR NO DEAL

January 26, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.