[2019-03-06] Starbucks Unveils Key Detail about its Secretive Bitcoin Strategy

[Kakmakr]

So, some type of gift card situation is what’s brewing at Starbucks.

I reckon it might be nothing but another Facebookcoin situation in Starbucks hehehe.

The big corporations are beginning to leverage their brand to issue cryptocoins. I predict that the lucky platform on which they will be issued in might hit the top prize as the highest coin in market capitalization in the cryptospace.

No, the way I understand this is that they will offer facilities in the US that are linked to Bakkt services for people to buy and sell bitcoins with the future vision of people actually using those coins to pay for products in their Coffee shops. 

So they have a long-term vision for Bitcoin and possibly other Crypto currencies and not just some in-house gift card implementation. 

Let's be positive about this, it might just trigger the next Bull run. 

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[stompix]

So, some type of gift card situation is what’s brewing at Starbucks.

My taught also, trying to deal with payments on the chain and with price fluctuations this early and on such scale would be far too troublesome to start directly with this.

Besides, I'm always amazed how Starbucks has $1.2 billion loaded on their gifts card, so it a proven successful way to get money that in a lot of cases will never be spent.

So, I'm betting on instant conversion to $ or Starbucks credits or some other name once you load your card with BTC

[bbc.reporter]

So, some type of gift card situation is what’s brewing at Starbucks.

I reckon it might be nothing but another Facebookcoin situation in Starbucks hehehe.

The big corporations are beginning to leverage their brand to issue cryptocoins. I predict that the lucky platform on which they will be issued in might hit the top prize as the highest coin in market capitalization in the cryptospace.

No, the way I understand this is that they will offer facilities in the US that are linked to Bakkt services for people to buy and sell bitcoins with the future vision of people actually using those coins to pay for products in their Coffee shops.  

So they have a long-term vision for Bitcoin and possibly other Crypto currencies and not just some in-house gift card implementation.  

Let's be positive about this, it might just trigger the next Bull run.  

Global corporations only have longterm visions for their own expansion and superiority. They are beginning to use bitcoin's success to let loose their own project tokens to secure their own market share in the cryptospace. JPMcoin, Facebookcoin, Starbuckscoin are only the beginning hehehe.

[o_e_l_e_o]

Besides, I'm always amazed how Starbucks has $1.2 billion loaded on their gifts card, so it a proven successful way to get money that in a lot of cases will never be spent.

Gift cards are a great money maker for most companies, even small ones. Somewhere around 10-20% of all gift cards are never spent, due to being lost, forgotten about, expiring, not wanted, etc. Not only that, but all the money they take in from gift cards is essentially free money at the time for them, since they've not actually had to provide any goods or services yet in exchange for that money. That money can be invested for even more profits until it is needed to cover their operational costs. You are essentially purchasing future goods, and the money spent will earn interest for the company instead of for you in the meantime.