Media: Starbucks and Bakkt Implement Support for Bitcoin Payments in 2019
Starbucks coffee chain intends to give his clients possibility pay with bitcoins until the end of the year. Implementation of this concept will be made possible through cooperation with the operator of the New York Stock Exchange exchanges crypto platform Bakkt, writes The Block, citing sources familiar with the situation.
Initially, they will be able to pay with bitcoins only Starbucks customers USA. For of this them will be invited to use Bakkt software, which will allow instantly convert cryptocurrency to fiat. “Although digital assets are not will be figure in reporting Starbucks is a strong sign of faith in Bakkt and the first step networks coffee shops in the world of cryptocurrencies, writes The Block. – Coffee giant actively involved in map development and annexes, which let him become the first trade point on platform “.
According to sources, Starbucks, initially declared in quality partner Bakkt, did not make any monetary investments in the crypto-platform, but their cooperation is based on “mutually beneficial terms”. As noted by The Block, the owner of Bakkt has agreed to transfer certain share in their enterprise, the size of which has not been disclosed. Sources believe that it turned out to be “disproportionately large”, given the conditions cooperation.
“The value of cooperation with a brand of this level is great”, – stated source.
The Block information is consistent with more early statements from Starbucks itself. On the background ads on the development of Bakkt last August at the Starbucks press office reported, what their clients “They won’t be able to pay for frappuccino with bitcoins”, but will be able to “convert digital assets like bitcoin in US dollars and pay with them “in coffee shops.