Digital Currency Revolution Series: Bitcoin Reclaims $10k Mark, FxWirePro’s Long Hedges On Its Functionality
Digital Currency Revolution Series: Take A Look On Buzzing Crypto-Space Amid Flurry of Fundamental Events
Spotlight on Bakkt & CME BTC Futures With Mounting Institutional Interests As Bitcoin Bulls Halt $11k
Cryptocurrency Derivatives Series: Quick Run Through On Bitcoin Price And CME BTC F&O Volumes Resurgence
Digital Currency Revolution Series: ETH/USD Bulls Uproar Ahead Of Ethereum 2.0 Testnet, Uphold Long Hedges
Bitcoin may now be used for Starbucks transactions
Starbucks customers can now use Bitcoin, gift cards, and frequent flyer miles to reload their Starbucks cards through the coffee chain's app.
While Starbucks doesn't directly accept cryptocurrencies, the Bakkt App allows users to convert cryptocurrency into US dollars and place that value onto the Starbucks card that is saved in the app.
The same US dollar conversion is also applicable for supported loyalty and rewards points and frequent flyer miles.
Starbucks tested a cryptocurrency payment app in some of its US locations last month. The app was part of Bakkt, a digital asset platform that shares a parent company with the New York Stock Exchange.
Bakkt named Starbucks as its "first launch partner" in 2019.
According to a Starbucks spokesperson, the goal is to deliver a seamless payment experience, no matter how customers choose to pay.
Other than Starbucks, Bakkt is working to integrate the app with other retailers, including BestBuy, Choice Hotel, and GolfNow.