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Author Topic: Starbucks accepting bitcoin  (Read 7585 times)
MadGamer (OP)
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December 24, 2016, 06:14:36 AM
 #1

Even though , iPayYou doesn't look as good as other services such as Bitpay for example , they managed to make Starbucks accepting bitcoin in their official application and that's definitly an achievement for a new service like them.
In order to use this feature , you first have a wallet in iPayYou otherwise It's not going to work. The next year already sound very promising and I can't wait to see more .
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December 24, 2016, 06:22:09 AM
 #2

Seems interesting for some people, but considering that it uses another service layer chances are they aren't going to get a ton of interest in it. They might get some, but likely not as much as if it was direct.

Doesn't matter much to me, though. I don't use Starbucks or drink coffee at all, but I hope this benefits some of the Starbucks customers on this forum.
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December 24, 2016, 06:42:26 AM
 #3

First of all, I'm the coffee lover and my whole family drink coffee daily.
So if Starbucks accept bitcoinsBTC then it would be very helpful to me and I can drink coffee freely,

so please suggest me how they can accept bitcoins while drinking coffee. Grin Cheesy
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December 24, 2016, 07:06:28 AM
 #4

It is good news many companies accept bitcoins as payment method, starbucks doing smart strategy for increasing the costumers with adopt bitcoins on their coffe.  Grin
Beverage company started adoption bitcoin and foods company will starts adoption it too, and finally many companies accept bitcoins on their business.
Dmitry.Vastov
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December 24, 2016, 07:49:26 AM
 #5

Wow. Its another accomplishment for bitcoin. Seems like bitcoin is going in a right way. I expect a lot of news like this will post in this forum this coming year 2017. Since few establishments, shops and companies are accepting bitcoin. Its a good start for them because many people are using bitcoin. We havent seen tech giant accepting bitcoin yet. Im looking forward to that.
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December 24, 2016, 08:08:12 AM
 #6

Personaly I don't like Starbucks very much but this is another good news for Bitcoin and Bitcoin users. Especialy when such popular company starts to accept Bitcoin and this could be a good role model for others. Good marketing for Bitcoin and that is one thing that Bitcoin doesn't have enough.

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December 24, 2016, 08:19:35 AM
 #7

Cool, but its still relying on a third-party app to make payments.
We need to get to the point where you can send a payment to Starbucks from your wallet, although to accomplish this you may always need a third-party because of the confirmation times.
No one is going to sit for 45 minutes to pick up their coffee waiting for their transaction to confirm,
and no store is going to let you walk out before they know for sure they actually have payment for their goods, even if its only a $5 coffee.

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December 24, 2016, 08:42:28 AM
 #8

Cool, but its still relying on a third-party app to make payments.
We need to get to the point where you can send a payment to Starbucks from your wallet, although to accomplish this you may always need a third-party because of the confirmation times.
No one is going to sit for 45 minutes to pick up their coffee waiting for their transaction to confirm,
and no store is going to let you walk out before they know for sure they actually have payment for their goods, even if its only a $5 coffee.

Definitely, that's why we need third party to handle the payment process instantly compare to long time confirmation as usual transaction. Personally, I never try it before as my transaction not intended to such services (beverages), just conventional trading with trusted friends, so the waiting time was never be problem. But dealing with services like this, we need faster transaction s like fiat money obviously.
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December 24, 2016, 09:05:03 AM
 #9

Even though , iPayYou doesn't look as good as other services such as Bitpay for example , they managed to make Starbucks accepting bitcoin in their official application and that's definitly an achievement for a new service like them.
In order to use this feature , you first have a wallet in iPayYou otherwise It's not going to work. The next year already sound very promising and I can't wait to see more .
It's cool hope more apps will open online like that one. Though I really appreciate their services the question that comes to mind is the service fee. Is it lesser compared to actual paying in Starbucks or there are additional charges. If it is hi higher then its not so cool since its better to pay Starbucks with fiat currency rather than bitcoins in that situation.
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December 24, 2016, 09:09:48 AM
 #10

Any store, company etc accepts bitcoin is good to increase its adoption of masses. Starbucks is a good example because drinking coffee is an everyday habit. People must tend to use buy their coffee with bitcoins. Any every day micro-payment transaction is better than a big one only once. People must use the coin very often. In this way stores will be forced to accept. Bitcoin is not only for hoarding but mainly is an electronically payment system.
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December 24, 2016, 09:37:27 AM
 #11

Yea, the old "Bitcoin cannot be used to buy a cup of Coffee" can now be laid to rest, even though you have to do that via a third party service. One day we will have a decent scaling solution in place and then you will buy coffee from a street merchant, without any delays. We have been buying coffee and food from our local work cafeteria for a while now, but we worked on a voucher basis. You buy food vouchers and then you just use these vouchers in exchange for a cup of coffee or dougnuts.  ^smile^

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December 24, 2016, 09:41:42 AM
 #12

That's a very good advertisement for Bitcoin. Starbucks's a trending service around here. It's trending from popular people who're telling how they love Starbucks so their followers will love it and then their followers. At least, that's what I've seen most of the times. Now, they can tell how they paid with Bitcoin in Starbucks :-)
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December 24, 2016, 10:22:35 AM
 #13

So they aren't really accepting Bitcoin, they are just adding a Bitcoin payment processor to their payment options.

It's time merchants started to accept Bitcoin directly.

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December 24, 2016, 10:27:55 AM
 #14

Is it available in germany??

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December 24, 2016, 10:35:43 AM
 #15

So they aren't really accepting Bitcoin, they are just adding a Bitcoin payment processor to their payment options.

It's time merchants started to accept Bitcoin directly.

While this is true, it is still a way to increase the exposure of bitcoin.

The more people see bitcoin as an option for payment, the more they believe it is becoming the new normal.

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December 24, 2016, 10:39:31 AM
 #16

It's not that exciting to be honest. If they don't accept Bitcoin in the way that it will allow all people to buy their coffee with Bitcoin, then it doesn't make any sense that they will go this way at all. Why would people go through the hassle of signing up at iPayYou to purchase a coffee, when they can instantly use their fiat already. Starbucks should accept Bitcoin through a mass minded payment processor such as BitPay, and not an unknown duck in the river, if you understand what I mean...
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December 24, 2016, 10:48:26 AM
 #17

I guess that this is the start of bitcoin becoming the future money because some of the stores around the world are now accepting bitcoin as the payment on every thing that you are goin to buy. I think that they have realized that bitcoin is no joke for them. They have realized that they can earn big and have a bigger profit if they are going to accept bitcoin as a payment which is really awesome.

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December 24, 2016, 10:59:56 AM
 #18

I'm not sure how safe is iPayU to deposit my Bitcoins into, so I would suggest people to only deposit a very small amount (an amount that could get you a coffee or something extra from Starbucks) only at the time of making the payment. Also, there's Fold Coffee (google this one out) that gives you 5% discount for spending on starbucks and it works the same way. I hope McD's and other popular fast food retail outlets start accepting Bitcoins officially.
MadGamer (OP)
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December 24, 2016, 11:20:36 AM
 #19

-snip-

It's a new service that opened earlier this year so It's normal that you don't know much about them. I'm sure they are legit as the team members are known and their CEO was a former executive on Amazon.com .

Is it available in germany??

I suppose so . The  article didn't say much and only mentioned USD but since the mobile app is the same for all countries , It's likely that It's worldwide and the deposited BTC will be exchanged to the local currency with real time rates.
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December 24, 2016, 11:23:43 AM
 #20

It's a good move to accept bitcoins but again it's not available in my country.
Did you even read the entire thread ? Please do..

Starbucks here charges such high prices for coffee and hence I prefer CCD or Barista where the coffee taste is the same.
That is way too off dude,like what the actual fuck ? No one is interested in knowing your taste in coffee!You don't get the context,do you ?

Also on BCT, many users are selling hacked cards of Starbucks which proves that most don't consider it a valuable deal to pay high prices of Starbucks.
You can't afford it.Stop right there. * Shit posting intensifies
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