Starbucks accepting Bitcoin soon? Nope!

[cheezcarls]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

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[Satosho Kakamolto]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

I think it will take a long time still before big chains will even think about accepting Bitcoin payments - Bitcoin is still too volatile for that and with unpredictable fees.

[DooMAD]

It's mixed news.  The plus side is that someone is clearly accepting the bitcoins.  They aren't just vanishing into thin air.  And it will still give you another way to spend your bitcoins in the real world.

The negative side is that, once again, there's just far too much hype and expectation because people place more emphasis than they should on the fiat price of their holdings.  The speculators just get their hopes up about every little thing and then end up disappointed when the reality isn't quite what they thought it was.  People need to temper their expectations.  Rein it in a bit.  Stop jumping at every sensationalist media headline as a sign of "impending moon".  It's just not realistic.  OR, better yet, focus on the real benefits instead of the price.

One of the main reasons these companies aren't accepting bitcoins directly is because of the volatility, but all the speculators out there hyping things out of all proportion are contributing to that volatility.  If you're doing that, you only have yourselves to blame.  Stop putting all the emphasis on the price.  This is not a get-rich-quick scheme, so stop treating it like one and maybe the rest of the world will start doing the same.  The "value" is not the fiat number ascribed to BTC.  The value is in the self-determination, privacy and freedom granted to you by using it.  The value is the total absence of an endless flow of IOUs being printed out of nothing.  The value is in the neutrality, transparency and openness of the network.  This is what you should care about.  Then, perhaps others will start to see it that way.

[Pursuer]

A spokesperson for the multinational coffee chain clarified in comments to Motherboard that in fact “customers will not be able to pay for Frappuccinos with bitcoin,” but rather the company is part of a new venture creating a platform, Bakkt, to “convert digital assets like Bitcoin into U.S. dollars, which can be used at Starbucks,”

I don't get it, they are going to be accepting bitcoin, who cares what they do with it and what they receive. it is the same as when you go to a merchant now and pay them with bitcoin through Bitpay. you pay bitcoin, they accept bitcoin but they receive fiat.

unless I am misreading this, I'd say this is not a bad thing. it creates yet another use case in real world for bitcoin and it will make things even easier for merchants to accept bitcoin with no worries about its price and other risks while they increase their revenue.

[omonuyak]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

Can we said that this is another reason for bitcoin price to go up?  We are not going to have much good price by one mall adopting cryptocurrencies but when there is a mass adoptions price will increase. 

[Impulseboy]

As fun as that sounds, it might take a long while before big chains start accepting bitcoins as payments. But when it does, we all can expect for other big food chains and hopefully other business establishments to follow suit.

[SoiledDove]

So they're not accepting Bitcoin, but will be launching/offering a platform for trading and conversion of Bitcoin? And won't a trusted custodian like a bank maybe increase trust but erode what the system is based on? Sorry I'm new here. Any clarification will be much appreciated. 

[Caitsith]

It's still a disadvantage if they accept bitcoin, There will be a lot of opposition if it is accepted, but i think it would be accepted when btc more popular maybe in two years from now.

[Aminmon]

At first I thought starbucks would pay in bitcoin.
However, it is unlikely at the moment, because the bitcoin transfer speed is slow and the transfer cost is high, so it is not suitable for payment at present. I expect the lightning network can change all this.

[microwave]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

Starbucks is nation wide if ever this gonna be happen there's no problem about to take Coffee during night time with out bringing cash it is easy to avail if ever,

[Lakash]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

With bitcoin's volatility, businesses will have second thoughts of accepting bitcoin. But there are also reasons for businesses to accept bitcoin. You can check on the link below.

https://gowithccg.com/blog/2017/10/25/7-reasons-you-should-start-accepting-bitcoin-payments-now

[jseverson]

And won't a trusted custodian like a bank maybe increase trust but erode what the system is based on?

Strictly speaking, it will, in a sense. Bitcoin was meant as a peer-to-peer electronic cash system. Satoshi's white paper says one of the reasons why Bitcoin might be necessary was to eliminate the need for third party trust, specifically singling out payment processors. Using a third party payment processor for Bitcoin payments obviously goes against that, no matter which way you look at it.

On the other hand, at the end of the day, using it with a payment processor is still a choice. It doesn't diminish Bitcoin's functionality as a peer-to-peer electronic cash system as it could still be used freely that way. Bitpay et al. exist now and are very popular, but Bitcoin is still Bitcoin. We still get to take care of our own money and our transactions are still immutable.

[mabon]

That's right! Bitcoin is currently difficult to become a payment method. First, because of price uncertainty, second, it is slow to transfer. Third, most countries currently ban digital currency, such as China.

[seramania]

That's right! Bitcoin is currently difficult to become a payment method. First, because of price uncertainty, second, it is slow to transfer. Third, most countries currently ban digital currency, such as China.

I'm sure if bitcoin has stable prices, maybe in the future large companies like Starbuck can accept bitcoin payments. this happens because there is a positive side of bitcoin that is easy to use for payment only the price cannot be stable.

[tegarp90]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

Yeah nope !
Bitcoin as a payment for a cup of coffee is not worth the fee !
Bitcoin's fee need to lower and transaction speed needs to faster

[SaiWAFU]

Starbucks is a well known company across countries. Bitcoin has gain popularity this past few years, but clearly it still has a lot of issues.

One thing I see is if starbuck also charge us the transaction fees. It will cost more of course but surely starbucks' coffee prices won't adjust just to accomodate few crypto users. For now at least.

[Juggy777]

Well I can't buy my coffee with bitcoins there what a shame lol, it's okay considering they're star bucks expecting them to accept bitcoins was my bad to, but then I do hope someday they do accept it but it'll not be without its share of complications it'll be interesting to see if going ahead they choose to accept it or no plus if they do which countries will they allow.

[Testament28]

If this will happen soon in our country, that would be great! Many people here love's coffee from starbucks! Another thing, I'm really looking forward for btc to be accepted here in our country. Most people here usually think of BTC as some sort of pyramid or ponzi scams. They just lack the knowledge about it that's why they think of it that way.

[solarion]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

Good news but bitcoin does not seems recovering in the market. So I suggest all to hold your coins for few months. If you find good profit and then you can sell or invest on any project. If you bitcoin and thinking to exchange it for altcoins also do not do that mate.

Now we can have coffee with paying on bitcoin. Hopefully wanna see more companies and government should accept bitcoins.

[CryptoMamasita]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

I read this news and was excited as well. But then just thought that crypto and Bitcoin itself has too much controversy in people's minds so I think that a huge company like Starbucks wouldn't risk its reputation in order to use 'a disputable paying method'.

[Dudeperfect]

No doubt that volatility is one of the biggest issues when it comes to the picture of high volume transactions. Since these large corporations have the turnover in billions, even a small fall in the market can lead to a loss of millions for them and hence they might not be using crypto at this stage but I don't see any reason for them to accept crypto down the road when we will head towards the stability.

[bartolo]

A spokesperson for the multinational coffee chain clarified in comments to Motherboard that in fact “customers will not be able to pay for Frappuccinos with bitcoin,” but rather the company is part of a new venture creating a platform, Bakkt, to “convert digital assets like Bitcoin into U.S. dollars, which can be used at Starbucks,”

I don't get it, they are going to be accepting bitcoin, who cares what they do with it and what they receive. it is the same as when you go to a merchant now and pay them with bitcoin through Bitpay. you pay bitcoin, they accept bitcoin but they receive fiat.

unless I am misreading this, I'd say this is not a bad thing. it creates yet another use case in real world for bitcoin and it will make things even easier for merchants to accept bitcoin with no worries about its price and other risks while they increase their revenue.

I think in Starbucks the process will be different. In a store that accepts Bitpay, you can pay with bitcoin by sending it directly from your wallet, instead, in Starbucks I think this will not be possible. If I'm not wrong, in the case of Starbucks you will have to register in Bakkt, exchange bitcoin for fiat and then download an application, that I guess will be connected to your account, through which you will be able to pay with dollars at Starbucks. So, while it's true that anyone could, through this process, spend their bitcoins in Starbucks, technically they would not be accepting bitcoin as a means of payment. For me, if this is confirmed, it would be a more annoying and uncomfortable system.

[Phan Long]

It would be very difficult if a shop paid for bitcoin. Currently, some countries prohibit bitcoin transactions. In addition, the virtual currency is not stable as a downside.

[CODE200]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

Well, no matter what is the plan of Starbucks regarding to bitcoin as a mode of payment in their stores for sure their customers will be updated before it implemented but as of now there are no truth about their mode of payment and they continuing implemented what they are their mode of payment that their accepting in their stores. However, it is also better when they decided to accepting Bitcoin as a payment.

[AlienSeeker]

Starbucks, one of the most famous coffee shop in the world, has its reasons as to why it won't accept bitcoins anytime soon. It can be due to the lack of studies or researches of the company regarding bitcoin. Maybe because of that, they will have a hard time to adjust their revenues and profits if they start to accept bitcoins without much knowledge about it and how does it work. On the other hand, it is stated in the article that they will be open in venturing to new ways to convert bitcoin and other digital assets into dollars, which can be used to purchase products in the store. As for now, we just need to have patience.

[edzleochico6]

So, while it's true that anyone could, through this process, spend their bitcoins in Starbucks, technically they would not be accepting bitcoin as a means of payment. For me, if this is confirmed, it would be a more annoying and uncomfortable.On the other hand, at the end of the day, using it with a payment processor is still a choice. It doesn't diminish Bitcoin's functionality as a peer-to-peer electronic cash system.

[Grayy]

You don't have to be sad over startbucks  not accepting bitcoin currently. It's just a matter of time. Bitcoin is still growing and likely to pass it's biggest record market cap. This should generate more interest from new investors including big companies.

[kotajikikox]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

Don't be sad buddy just wait for the right time, i will assure for you in the near future starbucks coffee accept bitcoin as payment, i give the starbucks managemnt to learn and study the importance of bitcoin.

[a4techer]

Yes you are right but not only starbucks but also microsoft. Within this year they launch or they are accepting bitcoin. As i think or as i read in some blogs that starbucks and microsoft starting to accept within this november and i know everyone was happy now and great because step by step thos big business was accepting bitcoin as a payment so this is great for us for the easy transaction.

[montgolfier]

Well it is almost impossible to see it happening, and i think that we all had it assumed since a long time ago, it is impossible to see a huge brand like that accepting bitcoin

[goodluck0319]

I think as an experiment it is a good idea that will allow this network to become more popular

[Cryptohunt]

Even though starbuck or any other product accepts payment with bitcoin I don't care, because in my opinion it would be more profitable if we save bitcoin rather than shopping.

[clonely]

I guess this is not something that already exists in every country. I know it was an application that started in some countries for experimental purposes.

[Gudhal Untu]

I'm happy with this news, almost every day I'm at Starbucks, and if I accept bitcoin payments I'm happy to pay with bitcoin, this will make Starbucks go back to success and continue to expand into various countries.

[Ayston]

That was people opinion to mislead people, but luckily it got clarified, but do not be discouraged as far in the future thus statement would be change... Since crypto us the future ang someday others will come to accept and use crypto on thru counter..

[bitfocus]

They might take a little while to understand the power of bitcoin but you can always use Bitcoin Debit Cards as regular cards at Starbucks

[Davidbike1]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

I believe they are just indirectly theough Microsoft. If they weren't going to have anything related to bitcoin they would not have posted the article.

[Malaya]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

Oh! I am a Starbucks fan too. I was excited about this news as well. However, upon knowing that there was just a misrepresentation happened, this made me sad. But that's fine. On a lighter note, there are many stores in many countries are continuously using bitcoin for transactions. Not bad at all.

[rose9696]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

This is just an article and the accuracy is not complete. We should wait and see the results correctly. I think Starbuck will actually be associated with Bitcoin for math. Because I think they are wanting to hold Bitcoin.
The potential of Bitcoin is great and we can not deny it.

[rexona]

although Starbucks has begun to accept bitcoin as a payment tool, but it will not have much effect on the price of bitcoin, it will only make bitcoin increasingly popular and increasingly known to the wider community, because bitcoin holders will rethink using bitcoin for a cup of coffee, better invest because it's far more profitable.

[sdipmlrp]

Apart from Starbucks, I think these well-known restaurants will begin to accept blockchain technology in a short time.

[CafeCoinICO]

Hey cheezcarls,

As a coffee enthusiast myself, I understand your disappointment at the media for the misrepresentation. I believe that coffee and food services are a perfect adoption point for the cryptocurrency world due to the speed and scale of the transactions. By eliminating credit card fees and providing incentives for cryptocurrency use, we at CafeCoin strive to bring cryptocurrency into the food industry.

Best,
CafeCoin
https://cafe-coin.com/

[haidil]

if we can pay with bitcoin, of course we only carry the gadget. without having to carry cash. but sooner or later all can accept bitcoin I am sure of that, we are just waiting for time

[julielyn]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

I'm a regular subscriber of starbucks but I think it's just better when starbucks accepts payment by bitcoin because it's easier to pay for bitcoin if you do not have the money that bitcoin is paying you more.

[BlakeMye]

If the news is correct and if starbucks really going to accept bitcoin them i must say will become a very good decision that they take because within a few years it will become accepted by all.

[Airbuxf]

There won't be any acceptance of Bitcoin as a payment option in the nearest future. We need a stable currency to make purchases so fiat wins for now.

[SoiledDove]

Perhaps I'm still a bit in awe of Bitcoin. I think in terms of buying really important items with it, like gold jewellery or a car or maybe a house or something in the property line. I would never think in terms of using it to buy cups of coffee. Maybe that's silly. As Bitcoin becomes more everyday, I'll probably change my mind.

[fosco333]

I’m a long time frappeholic of Starbucks, and I usually hanging out myself or with my friends there. There is a news plus a video from CNBC that Starbucks would finally accept Bitcoin soon.

However, it won’t happen as of this time as Starbucks clarifies media misrepresentation.

Take a look here guys: https://cointelegraph.com/news/no-coffee-for-bitcoin-starbucks-clarifies-as-media-misrepresent-its-new-crypto-venture

At first, I was excited because I am a long time customer of Starbucks in a local mall. But this was just sad.

LOL what happened with the 'misrepresent' ? So, starbuck won't accept bitcoin as their payment ?
I believe for now starbuck not yet using cryptocurrency, but in the future when many peoples use crypto they will accept crypto too.

[SoiledDove]

Starbucks is a well known company across countries. Bitcoin has gain popularity this past few years, but clearly it still has a lot of issues.

One thing I see is if starbuck also charge us the transaction fees. It will cost more of course but surely starbucks' coffee prices won't adjust just to accomodate few crypto users. For now at least.

Yes, I think so too.

[cold cool]

Chances are slim that starbucks will accept BTC, which has enough transaction fees to buy several times starbucks, unless BTC transaction fees are low.