Moreover, reports say that the coffee giant might start accepting bitcoin (BTC) payments in its U.S. branches later this year.
That's false. The only thing they might end up doing when Bakkt is live, is to have Bakkt convert the coins in your account to fiat, then push the fiat to Starbucks.
So, is the long-awaited mainstream adoption finally coming to the crypto market?
Uh, no. Bitcoin doesn't need Starbucks, it's the other way around. Starbucks needs the publicity by marketing itself with very popular terms as Bitcoin and blockchain.
Don't understand how people consider this to be the path to adoption. They haven't ever built or done anything to make Bitcoin or basically any other crypto better.
It is nice that there is someone who can correct the news and stop people's confusing.
Uh, no. Bitcoin doesn't need Starbucks, it's the other way around. Starbucks needs the publicity by marketing itself with very popular terms as Bitcoin and blockchain.
Also very interesting point of view with which I am totally agree.
Starbucks use crypto just for attention attracting and it doesn't change the situation on the crypto market generally. The other story would be if all chain would do the same all world round, but I guess they just can do that, because of the law about crypto is different in different countries.