Starbucks Works with Bakkt to Enable Bitcoin Payments

[Goodcat49]

From the new report, it seems that there is substantial equity held by Starbucks – the biggest coffee and snack provider globally – in the forthcoming cryptocurrency platform Bakkt. The company has earned its shares as part of a jointly constructive agreement. Starbucks’ partnership with Bakkt was initially revealed in August 2018. It is aimed at enabling bitcoin payments.

The giant now plans to install Bakkt’s payment software in all its stores such that clients can make payments using cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Ripple (XRP) and others. The system will be changing crypto to fiat such that cryptocurrencies are kept off of the company’s account.

Bakkt is also considering to provide cryptocurrency-related services in 2019. The Intercontinental Exchange owned firm is soon establishing physically-backed BTC futures undecided approval from the United States CFTC.   

In August 2018, Maria Smith, Vice president of Partnerships and Payments Starbucks, stressed the company’s strategies with Bakkt, he said:   

“As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks.”

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/starbucks-bitcoin-payments/

[@Royale]

When this news came out, Starbucks refuted all the rumors circulating the social media platforms. The spokesperson for the brand revealed: “Our role as the flagship retailer for Bakkt is to consult and develop applications for clients to convert their cryptocurrencies into USDs, which can then be used in our stores".
Their main drive is to enable customers and firms to trade crypto and convert it into fiat only. [ https://coinidol.com/starbucks-bitcoin-payments/ ]

Yes, it is now confirmed ... [ https://www.newsbtc.com/2019/03/09/crypto-tidbits-fidelity-bitcoin-offering-starbucks-cryptocurrency/ ]

Starbucks is purportedly looking to accept Bitcoin:
According to an exclusive report from The Block, which cited sources familiar with dealings, Starbucks may be launching support for digital asset payments in the coming months. The Block founder Mike Dudas took to Twitter to divulge the news, remarking that Starbucks received a significant stake in Bakkt, a crypto startup headed by the Intercontinental Exchange, in exchange for “commitment to allow Bitcoin payments in store in 2019.” Bakkt’s software will purportedly facilitate these payments, which will be instantly converted from cryptocurrencies into fiat currencies.

[damsix]

In this case, it is certain that those who have less fees than altcoins will be the choice.

We know that Fee Bitcoin is very expensive when making transactions.
Later also maybe DOGE and NPXS will be the next choice to avoid the more expensive Fee.

[Altcoins_letsgetit]

From the new report, it seems that there is substantial equity held by Starbucks – the biggest coffee and snack provider globally – in the forthcoming cryptocurrency platform Bakkt. The company has earned its shares as part of a jointly constructive agreement. Starbucks’ partnership with Bakkt was initially revealed in August 2018. It is aimed at enabling bitcoin payments.

The giant now plans to install Bakkt’s payment software in all its stores such that clients can make payments using cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Ripple (XRP) and others. The system will be changing crypto to fiat such that cryptocurrencies are kept off of the company’s account.

Bakkt is also considering to provide cryptocurrency-related services in 2019. The Intercontinental Exchange owned firm is soon establishing physically-backed BTC futures undecided approval from the United States CFTC.   

In August 2018, Maria Smith, Vice president of Partnerships and Payments Starbucks, stressed the company’s strategies with Bakkt, he said:   

“As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks.”

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/starbucks-bitcoin-payments/

but there is an argument to be made that crypto could merely not manage even a small percentage of its commercial business with instantaneous, on-chain transactions