Bitcoin Forum

So I'm pretty new to Bitcoin. It has kind of suprised me that Starbucks doesn't accept Bitcoin. Why is this not a thing? Surely if Starbucks set the trend of accepting Bitcoin other physical retailers would follow.

this is because bitcoin is traded and sent without a middle man...

so if Starbucks started accepting bitcoins, they would need to find a way to track the transactions and how would the business pay taxes?

So since there is no middle-man... and they can have unlimited bitcoin wallets it is impossible to track every single thing and keep track of it.   

Thats not completely true. THey can still pay taxes if they report them. Forexample, recently the state of Utah declared laws which might allow people to pay taxes with bitcoin.

As for wallets, they don't need unlimited wallets. There are apps and services, which can set it up for them, to start accepting bitcoins without much problem.

if this was the reason then no one would have started to accept bitcoins(this is not the case).
Its really not that difficult to maintain records of transactions in bitcoin.

Because people are already buying there giftcards for cheap with bitcoins :D

Maybe they still not believe on bitcoin, they need learn more about bitcoin works and blockchain works. They don't have much time for understanding except bitcoin already growth for many business in the world

I have used bitcoins to buy coffee in Berlin, but that was a small independent coffee shop.  At the moment the real world chain shops just aren't getting on board with bitcoin at all.
I guess they have the infrastructure for card payments already, and the staff are trained, they see no need to rock the boat.

I think a medium sized chain, like Cafe Nero in the UK, would be a great testing ground for bitcoin.  I fear almost no one would pay using it though, thus making it a failed testing ground!

Acutally some stores might exist, in those chains which would accept bitcoins if the owner wants to. Not sure though, if he has to comply with the company laws of not accepting any other mode of payment though.

That'll be the day, and I don't even particularly like Starbucks or its products....

You have to understand if one of the starbucks shop accepts Bitcoin, the others need to accept it too. If it integrates Bitpay, they would need hundreds of mobile tablets. This is impractical since the Bitcoin users are still pretty low compared to credit cards/cash.

ahh, your title post is so tricky
i thought starbucks really accepting bitcoin
i think you should add question mark on the title

That will really be awesome , seeing how much craze some people have for starbucks and coffee

Hmmm ... Just a guess, but wouldn't be VISA / Mastercard making it a hell for Starbucks if they started to accept BTC ?
Like "If you accept BTC, we'll raise the minimum CC payment limit from $1 to $10, and you'll have 10% fee on transactions instead of 2% currently" (or something like that)

The credit card companies are a mafia.

Starbucks is just waiting it out, there are not many people using bitcoins and a lot of bitcoins are still on hold for when the moon is reached. The userbase of bitcoin usibng starbucks clients is too low to put in the investment.

In what way would Bitcoin be vulnerable to attacks? There is none if security are taken seriously. With the integration of a POS lIKE bitpay, it would be pretty safe.

Will accept as soon as Bitcoin gets global usage online.
There will never be a middle-man in bitcoin payments.

Starbucks doesn't directly take Bitcoin payments, but you can get it as easily as you pull out your mobile phone:

http://www.gyft.com/bitcoin/

Pre-fund your Gyft account with Bitcoin for a Starbucks gift card, and voila Starbucks takes Bitcoin now.

Bitcoin isnt really that spread out, and the majority of public, and starbucks clients dont even know what it is, so there is no point in accepting something that
serves them no purpuse. If the market/clients are to demand a change, starbucks will do the logical thing and provide, im sure of it, but for now there is no need to make such a move.
And OP, your title really is missleading, even i got suckered in to take a look on the asumption there are some real news behind this  ::)

cheers

To be fair i hope that it never does nothing good can come from buying coffee with bitcoin maybe that could be litecoins job but definitely not the job of bitcoin, for starters transactions are far to slow with BTC and then you have starbucks who will not hold the coins and dump every week/day,.

One confirmation is pretty much just for more assurance. With enough preventions, it could be migrated easily but not fully. It's hard to double spend a transaction if its propagated accross the network well enough. Bitpay accepts no confirmation transaction. I doubt buying a Starbucks coffee could take less than 5minutes.

i think it is because right now the majority of their day to day customers don't even know about bitcoin, let alone using it! so it is going to be an unnecessary hassle to go through to set up bitcoin accepting service so an small portion of customers can use it.