Starbucks drops hint at plans to accept Bitcoin

[crwth]

This is what crypto needs to hit the mainstream adoption. As big businesses integrate Bitcoin and see much progress and success in the business dealings and payments, competitors will be compelled to adopt the same strategy of integrating Bitcoin into their payment systems. This will raise the demand for Bitcoin and eventually increases its value on the market.

If they receive what they need when they have implemented accepting Bitcoin or possible another cryptocurrency, the success that they would have would be mimicked by other businesses. It's just one of the easiest thing to do, copy what other successful companies have done, and once you achieved that, then you can improve the method. Something like that, and we all want that Bitcoin to be largely accepted.

Thats why crypto is very important in our daily lives its makes our daily living in a easy way like this . If some big restaurant and fastfood accepting bitcoin too as a fee its a big help to all crypto users and also the community . As of now i see some business that use bitcoin as a fee many of that is in here in my country.

I'm curious about how it made an impact on your life. Was it easier because you can transact on your phone? Rather than fiat cash? The advantage of doing that is you don't have to carry a lot of cash and when a lot of people are using it, it would be better because almost everyone would accept it. What kind of businesses there in your country accept bitcoin?

[Iwillgotothemoon]

This may be an advertising behavior of Starbucks. I think that Starbucks accepts or opposes cryptocurrencies that cannot affect cryptocurrencies. It does not have the power to affect cryptocurrencies.

[altercreed]

I think it will not only end up as a hint but it will come to reality and this is another good company that's embracing the blockchain technology. It is a good plan for starbucks that would surely draw attention of others too who doesn't want to be left in the competition today.

[OnceTwiceThird]

Bad news again where last time starbucks want accepted bitcoin as payment transaction and now they have stop for accepted bitcoin, is not good ideas for bitcoin become on higher price, we have looking other company want accepted bitcoin.

[Pab]

Back in May, reports surfaced that New York Stock Exchange owner Intercontinental Exchange (ICE) was developing a Bitcoin trading platform. This morning, it officially announced the creation of Bakkt, a new company that will help trade and convert the best known cryptocurrency to fiat money — government-backed legal tender.

As one might expect from a new company with close ties to the NYSE, Bakkt has enlisted some big names already, including backing from Microsoft, Starbucks and BCG. Microsoft, for its part, will provide cloud infrastructure for the service. Even more compelling, however, is the involvement of Starbucks.

After all, the coffee giant has played an outsized role in helping mainstream mobile payments among the U.S. population, it has worked with Square (which accepts Bitcoin) and it just announced a deal with Alibaba in China for coffee deliveries. The chain isn’t always the first to adopt payment solutions, but its involvement goes a long ways toward legitimizing technologies among the public. If played right, this could be the push Bitcoin as a payment system for mainstream consumers here in the States.

In a statement, Starbucks referred to itself as “the flagship retailer” involved in the project, hinting at the very real potential that the company is setting itself up to accept Bitcoin converted through the Bakkt system.

“As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks,” said Starbucks Payments VP Maria Smith said in the statement. “As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation for expanding payment options for our customers.”

Bakkt’s implications go well beyond mobile payments, of course. As Fortune notes, the system could help attract investors who have been put off by Bitcoin’s extremely volatile nature. Among other things, it could help make the currency a safer choice for 401(k)s, IRAs and other retirement plans. That, in turn, could help propel Bitcoin toward wider Wall Street trading.

https://techcrunch.com/2018/08/03/starbucks-drops-major-hint-at-plans-to-accept-bitcoin/

....

Purchasing a cup of coffee via bitcoin might materialize faster than anyone had thought.

I like the idea of starbucks embracing bitcoin. It is known some starbucks function almost exactly like homeless shelters. Adopting bitcoin could put crypto currencies into the hands of where its needed in terms of helping the poor, the unbanked, those who can't afford the minimum balance on a bank account or have trouble obtaining debit cards or credit cards to make electronic transactions. Over the long term this could help people to find jobs to give them more options and opportunities which could help them to escape poverty and elevate their standard of living. Which in turn could help reduce crime and negative trends associated with violence.

The point @ the bottom about making bitcoin a safer choice for 401k's, IRAs and retirement plans is interesting. I've wondered if bitcoin and crypto currencies in general could have future potential for retirement funds due to them being designed to appreciate in value over time. An asset which appreciates in value could help to offset increasingly higher costs associated with higher average lifespan. It could imply crypto has potential there.

Amazon accepting bitcoin PayPal accepting bitcoin Starbucks accepting bitcoin
Buy coffe for 10 $ pay 7$ fee wonderful
bitcoin is to expensive

[Shenzou]

Well as good as this sounds and exciting and good for the bitcoin progression and investments, which is the case but to a certain point, because you have to take the fact that people don't prefer spending their bitcoin on these kind of micro transactions at least not on a regular bases, like you might buy it one or couple of times when it is available but than you will just forget about it or stop buying with bitcoin because it is better to save it or invest it in other things, so it might not have as much impact on the price of bitcoin as most people think, but it is a step toward the right path and will be something that might encourage other companies to do the same.

[Flor1982]

Well it is a good development in favor of Bitcoin market but i wonder how much a single brew of coffee will cost now to think that there is service fee of every blockchain transaction. So do you think it is really feasible to buy a single cup of coffee using Bitcoin currency?

[AlehandroTheGreat]

It will make a deal, cuz it will be more easier to pay instantly and you did not need to wait while all people will buy and pay... More faster service, without any fees for nothing.. All are winners 

[hastag_80]

Back in May, reports surfaced that New York Stock Exchange owner Intercontinental Exchange (ICE) was developing a Bitcoin trading platform. This morning, it officially announced the creation of Bakkt, a new company that will help trade and convert the best known cryptocurrency to fiat money — government-backed legal tender.

As one might expect from a new company with close ties to the NYSE, Bakkt has enlisted some big names already, including backing from Microsoft, Starbucks and BCG. Microsoft, for its part, will provide cloud infrastructure for the service. Even more compelling, however, is the involvement of Starbucks.

After all, the coffee giant has played an outsized role in helping mainstream mobile payments among the U.S. population, it has worked with Square (which accepts Bitcoin) and it just announced a deal with Alibaba in China for coffee deliveries. The chain isn’t always the first to adopt payment solutions, but its involvement goes a long ways toward legitimizing technologies among the public. If played right, this could be the push Bitcoin as a payment system for mainstream consumers here in the States.

In a statement, Starbucks referred to itself as “the flagship retailer” involved in the project, hinting at the very real potential that the company is setting itself up to accept Bitcoin converted through the Bakkt system.

“As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks,” said Starbucks Payments VP Maria Smith said in the statement. “As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation for expanding payment options for our customers.”

Bakkt’s implications go well beyond mobile payments, of course. As Fortune notes, the system could help attract investors who have been put off by Bitcoin’s extremely volatile nature. Among other things, it could help make the currency a safer choice for 401(k)s, IRAs and other retirement plans. That, in turn, could help propel Bitcoin toward wider Wall Street trading.

https://techcrunch.com/2018/08/03/starbucks-drops-major-hint-at-plans-to-accept-bitcoin/

....

Purchasing a cup of coffee via bitcoin might materialize faster than anyone had thought.

I like the idea of starbucks embracing bitcoin. It is known some starbucks function almost exactly like homeless shelters. Adopting bitcoin could put crypto currencies into the hands of where its needed in terms of helping the poor, the unbanked, those who can't afford the minimum balance on a bank account or have trouble obtaining debit cards or credit cards to make electronic transactions. Over the long term this could help people to find jobs to give them more options and opportunities which could help them to escape poverty and elevate their standard of living. Which in turn could help reduce crime and negative trends associated with violence.

The point @ the bottom about making bitcoin a safer choice for 401k's, IRAs and retirement plans is interesting. I've wondered if bitcoin and crypto currencies in general could have future potential for retirement funds due to them being designed to appreciate in value over time. An asset which appreciates in value could help to offset increasingly higher costs associated with higher average lifespan. It could imply crypto has potential there.

definetly its a good news to the community of cryptocurrency,thats someday starbucks plans to accept bitcoin as a payment,because once the plan are accepted  people who want to go in starbucks can easily access an transaction with no hassle,because maybe they can paid there items in bitcoin,and if this would happen the transaction become fast and easier.

[BennyK]

More and more big businesses and companies will integrate Bitcoin into their payment systems. Bitcoin is still young in the system and with time, as the people become familiar with it and patronize it, these companies will shift in the attention and interest of the people. Also, as more and more companies adopts Bitcoin payment, it will set their competitors on their toes to also adopt it in order to stay live in the business. This is another great step towards the brighter future of Bitcoin and the entire crypto space.

[ichai]

But it is a risky strategy. If Bitcoin does not really become a great electronic coin, its worth less than it is now, it's definitely a disaster for Startbucks. But I think taking bitcoin is a good thing for this business. Because their products are only for the upper class and the Crypto investors belong to that class. So they will attract more customers.

[cluit]

Thats why crypto is very important in our daily lives its makes our daily living in a easy way like this . If some big restaurant and fastfood accepting bitcoin too as a fee its a big help to all crypto users and also the community . As of now i see some business that use bitcoin as a fee many of that is in here in my country.

Well, it would actually be more important if we start seeing more of it in reality. Right now, I still feel we have a very long way to go, but at least, Starbucks making such a move is a start. At least, I want to believe that with LN, the chances of hitting the mainstream adoption level will be there.

For what it is worth though, if we get to see more shops, stores, merchants doing the needful by accepting bitcoin or cryptocurrencies as form of payment at the moment, it would really help in a great way to increase people who make use of it for real life purposes and not just for store of value.

[Steinway-Bobb]

I'm not too surprised about the fact that starbuck has accepted bitcoin as the payment unit. Because the giants in the world are slowly adopting it, such as microsoft or dell ,,, those things increase the trust of bitcoin up. And now I can also enjoy a starbuck coffee without having to pay cash

[Ladysmith]

Thats why crypto is very important in our daily lives its makes our daily living in a easy way like this . If some big restaurant and fastfood accepting bitcoin too as a fee its a big help to all crypto users and also the community . As of now i see some business that use bitcoin as a fee many of that is in here in my country.

Well, it would actually be more important if we start seeing more of it in reality. Right now, I still feel we have a very long way to go, but at least, Starbucks making such a move is a start. At least, I want to believe that with LN, the chances of hitting the mainstream adoption level will be there.

For what it is worth though, if we get to see more shops, stores, merchants doing the needful by accepting bitcoin or cryptocurrencies as form of payment at the moment, it would really help in a great way to increase people who make use of it for real life purposes and not just for store of value.

The regular person does not care about storing value. They live paycheck-to-paycheck so any chance of mass acceptance is dependent on people having means of spending their paychecks on daily needs in crypto. Maybe this, by default, will make the average person more competent in what it takes and means to store value and everyone will have a chance to raise their standard of living.

[BaraxLo]

Thats why crypto is very important in our daily lives its makes our daily living in a easy way like this . If some big restaurant and fastfood accepting bitcoin too as a fee its a big help to all crypto users and also the community . As of now i see some business that use bitcoin as a fee many of that is in here in my country.

Kind of, I will say it is a start and if we get to see more merchants from all over the world, doing the same thing, we can actually get to see some pretty good real life usage in the long run.

Sure, this is what we need to be able to see some level of mainstream adoption and to change people's mentality that has made the cryptocurrency space to be more filled with speculation than real life usability which is something that once we are able to see some changes in this perspective, things will turn out to be greater for the space in the long run.

[yusupjatigumilar]

as a starbucks customer I really appreciate the steps taken by Starbucks, of course this is a very appropriate decision to address the development of the technology and economy, payment with bitcoin will be cheaper and more efficient there will be no more queued terms just to pay for the coffee we ordered, we only need to scan the barcode to make payments without having to use a credit or debit card even cash

[pumbum]

if they create a convenient way to pay with cryptocurrency, I think it will be an interesting experiment

[tbterryboy]

I drink Starbucks daily.  I would love to see this.  I can't imagine using Bitcoin in a scenario like this.  If this happens and other retail outlets are forced to compete Bitcoin will be accept around the world almost instantly.  Very exciting.  I hope it happen soon.

Thou, bitcoin is known around the world, all I can say is that we should still preserve this kind of stuff. Not everything can be handled by bitcoin. It is good to innovate but come to think of it, old habits die hard... I think that it will be a big change for the customers..

Yes it’s a very good plan and nobody would like to be left behind and they will all like to make use of Bitcoin, but where the main question comes in is how many of them are ready to buy Bitcoin just because they want to be buying Starbucks when they can easily just go with cash and buy what they need? This is what I’ve been thinking. And those of them who wants to buy it, when they hear that Bitcoin is volatile, they might just lose interest.

[perfect999]

Back in May, reports surfaced that New York Stock Exchange owner Intercontinental Exchange (ICE) was developing a Bitcoin trading platform. This morning, it officially announced the creation of Bakkt, a new company that will help trade and convert the best known cryptocurrency to fiat money — government-backed legal tender.

As one might expect from a new company with close ties to the NYSE, Bakkt has enlisted some big names already, including backing from Microsoft, Starbucks and BCG. Microsoft, for its part, will provide cloud infrastructure for the service. Even more compelling, however, is the involvement of Starbucks.

After all, the coffee giant has played an outsized role in helping mainstream mobile payments among the U.S. population, it has worked with Square (which accepts Bitcoin) and it just announced a deal with Alibaba in China for coffee deliveries. The chain isn’t always the first to adopt payment solutions, but its involvement goes a long ways toward legitimizing technologies among the public. If played right, this could be the push Bitcoin as a payment system for mainstream consumers here in the States.

In a statement, Starbucks referred to itself as “the flagship retailer” involved in the project, hinting at the very real potential that the company is setting itself up to accept Bitcoin converted through the Bakkt system.

“As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks,” said Starbucks Payments VP Maria Smith said in the statement. “As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation for expanding payment options for our customers.”

Bakkt’s implications go well beyond mobile payments, of course. As Fortune notes, the system could help attract investors who have been put off by Bitcoin’s extremely volatile nature. Among other things, it could help make the currency a safer choice for 401(k)s, IRAs and other retirement plans. That, in turn, could help propel Bitcoin toward wider Wall Street trading.

https://techcrunch.com/2018/08/03/starbucks-drops-major-hint-at-plans-to-accept-bitcoin/

....

Purchasing a cup of coffee via bitcoin might materialize faster than anyone had thought.

I like the idea of starbucks embracing bitcoin. It is known some starbucks function almost exactly like homeless shelters. Adopting bitcoin could put crypto currencies into the hands of where its needed in terms of helping the poor, the unbanked, those who can't afford the minimum balance on a bank account or have trouble obtaining debit cards or credit cards to make electronic transactions. Over the long term this could help people to find jobs to give them more options and opportunities which could help them to escape poverty and elevate their standard of living. Which in turn could help reduce crime and negative trends associated with violence.

The point @ the bottom about making bitcoin a safer choice for 401k's, IRAs and retirement plans is interesting. I've wondered if bitcoin and crypto currencies in general could have future potential for retirement funds due to them being designed to appreciate in value over time. An asset which appreciates in value could help to offset increasingly higher costs associated with higher average lifespan. It could imply crypto has potential there.

I don’t know why this sounds funny to me when I read it, but for sure if they do accept Bitcoin is really going to go a long way to help promote the use of cryptocurrency cause a lot of people when they hear of that Starbucks started accepting a new currency called Bitcoin they will be curious to know what its all about and would love to try it out and that way we will start getting a lot of people to make use of Bitcoin. It’s a good plan.

[congresowoman]

This is a fine news for everybody who loves cryptocurrency and coffee. I mean, if this is the new tehnology, giant companies like starbucks should be amenable and adaptable to the fast pacing technology to further suit the market they are catering to. In this case, computer savvy clients who want to transact using cryotocurrency. If you can purchase a drink without the use of cash-- only debit or credit cards, then Crypto will not be as much to deliver like any of these. kudos to starbucks if this will really commence.