Starbucks accepting Bitcoin soon? Nope!

[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.

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[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.