Image by @Briony
If you live in Toronto, there’s a very good chance you’ve heard about Bunz–the mega popular online trading place that started out as simple Facebook group–or may even be a highly active user. What’s not to love about Bunz? This popular space has brought the people of Toronto (and now Hamilton too) an opportunity to connect, trade goods and now even shop locally using Bunz BTZ which is their own digital currency.
Although I was added to the Bunz group by a friend back when it was still just a Facebook group (they’ve since launched an app for their trading marketplace) it wasn’t something I used often; outside of that time I traded a bottle of vodka for a denim jacket, and later upgraded my stove when I spotted someone getting rid of theirs in the midst of a renovation.
Not being too familiar with Bitcoin and digital currency in general, I was both intrigued and confused when I heard Bunz had launched their own BTZ currency. During a recent “Project Purge” takeover of #CasaGC, I decided to download the app and post items I was looking to trade and pass on. Quickly I noticed the popularity of BTZ and immediately needed to know more. Most importantly: WTF is the BTZ to dollar conversion?
As a newbie to the Bunz and BTZ world, it wasn’t easy to figure out how to “price” my trades or how to barter with BTZ. After scouring listings (and, ok, asking a friend who works for Bunz), it was determined that the approximate conversion is $1 CAD for every 100 BTZ.
After a few days of actively using the Bunz app I had accumulated just under 3,700 BTZ. Not the most, but, clearly it doesn’t take that long to build up your BTZ bank account or “wallet” if you really commit to being an active “bun”. Now, more and more local businesses in Toronto (and The Hammer) have started accepting BTZ as payment, which means trading your goods on Bunz could earn you a way to pay for endless coffees, lunches, drinks or even things like a haircut or manicure. While prices will vary, a friendly bun I met up with recently for a trade said she now spends 300 BTZ on a coffee every day at her favourite local coffee shop.
Interested in learning more about exactly where you can start using your BTZ to shop? Here’s the full list of businesses in Toronto (and Hamilton) that accept BTZ for payment:
Cafés That Accept BTZ
Cafe Neon (Both Locations)
Dundas and Carlaw
Flying Pony Gallery Cafe
High Five Cafe
Reunion Island Coffee
Strange Love Coffee (Queen and Spadina Locations)
Retail Shops That Accept BTZ
Broad Lingerie & Swimwear
Cry Wolf Clothing
Drake General Store (First Canadian Place, Queen, Vaughan and Sherway)
Fresh City (Ossington & Roncesvalles)
Helen & Hildegard
Ride Away Bikes
Surf the Greats
The Art of Demolition
Tiny Record Shop
Toronto Designers Market
Restaurants That Accept BTZ
Service Businesses That Accept BTZ
Bars That Accept BTZ
Hamilton Businesses That Accept BTZ
Happy Trading (and Shopping)!
(Story by Editor-in-Chief, Gracie Carroll)