Starbucks, Nordstrom And Whole Foods Now Accept Bitcoin

[BossMacko]

Not on our country yet, but once Starbucks here accepted Bitcoin people will notice cashless order and Bitcoin will become a talk of town until every news will cover how Bitcoin works.

[Natalim]

Not on our country yet, but once Starbucks here accepted Bitcoin people will notice cashless order and Bitcoin will become a talk of town until every news will cover how Bitcoin works.

In big countries, it already started and they are a big business with different branches, so expect that soon it will be available in your country.
I also wanna try my first transaction paying bitcoin in Starbucks.

Mass adoption is coming, I believe it's a bullish time now that good news are happening in the market.

[nur rochid]

Not on our country yet, but once Starbucks here accepted Bitcoin people will notice cashless order and Bitcoin will become a talk of town until every news will cover how Bitcoin works.

I don't think it is effective in my country. because there are not many bitcoiners in my country. there are still many who trade using cash, and the krypto currency is not widely known, unless the government immediately legalizes it

[whiteblue]

Not on our country yet, but once Starbucks here accepted Bitcoin people will notice cashless order and Bitcoin will become a talk of town until every news will cover how Bitcoin works.

I don't think it is effective in my country. because there are not many bitcoiners in my country. there are still many who trade using cash, and the krypto currency is not widely known, unless the government immediately legalizes it

indeed there are still many countries that have not been able to accept payment using cryptocurrency but over time I am sure that all countries will accept cryptocurrency as a legitimate transaction, all of them require an instant process.

[sunsilk]

I have long heard the news that Starbucks Accept Bitcoin is not new news and in my opinion this is not too much effect on the development of the price of bitcoin and other altcoins.

Those times when you have heard about starbucks accepting bitcoin, they have denied it and told to the media that they weren't accepting payments in bitcoin.

Like what's written on these articles:

Sorry, But Starbucks Will Not Be Accepting Bitcoin
Starbucks would like to clarify that it is not accepting bitcoin

But now it's a reality that we can now spend bitcoin on Starbucks through Gemini and Flexa's help.

thanks for enlightenment, means to spend it we use escrow, third parties. and do not directly pay to Starbuck. even so at least more and more companies are familiar with bitcoin, even though I haven't used it yet

It's likely.

Transaction won't go through directly to Starbucks but it has to go through the SPEDN APP. It's the app made by Flexa.

[Noilee]

That is a great news, this news can attract to people to convincing invest in bitcoin. I think this a way that btc will become well-known and the popularity will spread to people. We just hoping that soon, mostly other businesses also are willing to accept bitcoin.

[prtty2gal2]

This is one problem with some of you guys here, you're always looking for something to tag as reason for the spike. If you don't know anything about the spike, it's better for you not to talk about it and as long as I'm concerned, this has nothing to do with the recent spike. The price went up and no body knows why that happened! So anybody that is coming now to claim whatsoever is a big lie. And in case you don't know, these companies are not accepting crypto because they are interested in it, rather it's just a tactics to boost their business and make those who likes crypto to keep on patronizing them. Once they receive your payment they convert it to dollars with the hello of the app you have mentioned.

[RodeoX]

Can someone DL this app and try it? I'm not an iPhone user.

Does it allow spending bitcoin outside of their affiliated stores? It would suck if I HAD to spend my bitcoin on Starbucks.

How much are the fees, and how are they structured? Do I pay to deposit or withdraw or spend, etc. ?

[BitcoinNewsMagazine]

Can someone DL this app and try it? I'm not an iPhone user.

Does it allow spending bitcoin outside of their affiliated stores? It would suck if I HAD to spend my bitcoin on Starbucks.

How much are the fees, and how are they structured? Do I pay to deposit or withdraw or spend, etc. ?

You can see a list of stores here. No user fees. I believe Flexa is just integrating their payment network with existing POS machines, those that already enable you to use your phone to tap and pay. The problem is the Spedn app is iPhone only now, not Android and according to Flexa TOS any user can only use the app to buy $100 of merchandise per week. That is better than nothing but pretty limited. Hopefully they will raise the limits once the program matures.

[exstasie]

Maybe this isn't what Bitcoin purists have wanted, because those apps are just intermediaries, similar to Bitpay, but this is the Bitcoin adoption that we have today, and if people will be using it, maybe eventually they'll switch to Lightning and direct Bitcoin transactions without any middlemen, just like Satoshi wanted.

I think the Bitpays and Flexas are a necessary intermediary stage for Bitcoin's usage in commerce.

The biggest obstacle to overcome is getting businesses to hold BTC. Despite the hoarding incentive that the limited supply bakes into the economy, I think there are lots of people who want to spend coins, especially after significant capital gains.

But merchants have overheads and supply lines that need to be paid in fiat. Very few will be like Overstock, accepting BTC and even holding it despite the volatility. This makes sense since their businesses don't ordinarily involve currency speculation.

Over time (and this could take decades to be realized on a very large scale) this problem will evaporate as businesses realize they can save money by accepting crypto and settling B2B with it. In these early days, using Gemini to handle the volatility aspect makes sense, but eventually retailers may want to cut those middlemen out.

[Whosdaddy]

Not on our country yet, but once Starbucks here accepted Bitcoin people will notice cashless order and Bitcoin will become a talk of town until every news will cover how Bitcoin works.

It is going to be a gradual process and it may not be this particular company that will introduce bitcoin payment in your country, but other retail companies will get a signal from these ones that are already implementing it, and that is how it will gradual expand till almost all the retailers who are technology inclined also implement bitcoin payment system.

This is why we believe that the reign of bitcoin will never end as it is just starting to be known worldwide, and the next 20 years more in this cryptocurrency industries, 80% of retailers worldwide would have made bitcoin a their major digital payment coin.

[Yaunfitda]

Not on our country yet, but once Starbucks here accepted Bitcoin people will notice cashless order and Bitcoin will become a talk of town until every news will cover how Bitcoin works.

Starbucks is still a hot commodity in my country, it's like a fashion statement if you are buying and holding a cup with a Starbucks sign on it,  . So if they're going a Starbucks world wide acceptance of bitcoin, I'm sure it will be talk of the town and bitcoin will be known here.

Unfortunately, as far as I know, only selected stores are going to initially accept bitcoin, so perhaps just an experiment on their end and see how their market will react.

[raven7886]

This will make bitcoin price more stable but still tend to rise. I think people enthusiast to use bitcoin at starbucks will be big so it can be very big help to spread word about bitcoin. I personally want to feel the sensation to use btc at starbucks, it seems that it would be great. But this is the time to hold bitcoin, so it seems that I will not spend my bitcoin now.

Large firms like this using bitcoin payment system is really a very good way to create awareness to the public, because in every  advert they do, most of them mentioned accepted payments, where they mention, cash, MasterCard and now bitcoin will be added to the list of payment as they constantly run their jingles.

One other thing this development will also create is demand, because what drives the value of bitcoin up is demand, the more people use bitcoin for payment in this company, the more there will be  a demand for bitcoin, which will cause the price of bitcoin to keep appreciating.

[bitgolden]

This is one problem with some of you guys here, you're always looking for something to tag as reason for the spike. If you don't know anything about the spike, it's better for you not to talk about it and as long as I'm concerned, this has nothing to do with the recent spike. The price went up and no body knows why that happened! So anybody that is coming now to claim whatsoever is a big lie. And in case you don't know, these companies are not accepting crypto because they are interested in it, rather it's just a tactics to boost their business and make those who likes crypto to keep on patronizing them. Once they receive your payment they convert it to dollars with the hello of the app you have mentioned.

First, you cannot completely rule out the fact that some of these types of news are what contributes to why bitcoin increases sometimes, it is not the project itself but the news is what people do react to that makes them FOMO. Everyone has their own mentality and it would be wrong to change it for them, if people invest believing such factor could cause a spike in bitcoin, then fine, it doesn’t not take anything from us.

Many people with their own believe that makes them contributes to the market, do you know how many people reacted to news of tether when they had issue? Do you even know that people still reacted to Binance hacking too by linking it to a positive development of BTC, do you know that we have some people that also reacted to BSV delisting news, thinking BSV community will dump BSV for BTC, these little things that you feel does not contribute to increase of bitcoin actually does, and not just whales alone.

[Nuxxorcoin]

You can delay the inevitable, but you can't stop. Big companies like Microsoft, IBM, Amazon and Starbucks decided to join the revolution this year to adapt to the blockchain. In terms of use in daily life in the coming years, cryptocurrency will no longer be the difference

[prtty2gal2]

You can delay the inevitable, but you can't stop. Big companies like Microsoft, IBM, Amazon and Starbucks decided to join the revolution this year to adapt to the blockchain. In terms of use in daily life in the coming years, cryptocurrency will no longer be the difference

It would have been a very big factors that will lead to great adoption of cryptocurrency if it were to be true, but unfortunately most of these large organizations has been rumor, none of them has ever come out to make an official statement, we have only being seeing it on third party news website that we cannot confirm the source.

If it were to be true, by now, we would have definitely started seeing very big effect on it in the general market cap. The same bill gate is the one that openly said cryptocurrency was dangerous, so I dint know where all these news are really coming from.

[Natalim]

You can delay the inevitable, but you can't stop. Big companies like Microsoft, IBM, Amazon and Starbucks decided to join the revolution this year to adapt to the blockchain. In terms of use in daily life in the coming years, cryptocurrency will no longer be the difference

They are giants in the business industry, therefore their effect is big, but I am not sure about amazon, do you have a source to verify that amazon is into crypto?

[pleasedont]

This is huge news, this year had been great due to development and mass adaptation news. A lot of big and well-known companies are starting to accept cryptocurrency as payment. This will further push mass adaptation and it's also a good start for other companies to start upgrading their payment system by adapting crypto as an alternative payment.

This is true. This may act somehow psychological because there are big companies who are accepting it then the other companies which may be smaller can start adopting too. The mass adaption is a good thing for crypto currency and Bitcoin, it continually create its name and so as more and more people will know about its existence. Today as the Bitcoin create a high value, the consistency of good news can be serve as the catalyst for higher value. At the same time it is not only restaurants, hotels and like are now accepting Bitcoin, there is also this online casino where you can play even with the use of you mobile phone, bet endlessly with just clicks. Aside from you enjoying the easier way of doing transactions, you will problem feel the security upon engaging through crypto.

[siddiq]

哇，好消息。世界正在改变

[Vness10]

This is huge news, this year had been great due to development and mass adaptation news. A lot of big and well-known companies are starting to accept cryptocurrency as payment. This will further push mass adaptation and it's also a good start for other companies to start upgrading their payment system by adapting crypto as an alternative payment.

That's true it's really good to every one to know this kind of news because it means many companies are appreciate the cryptocurrency and also bitcoin, maybe they know the benefit of it and the out come to the people.