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Author Topic: Starbucks and crypto integration is a big thing- Michael Novogratz  (Read 97 times)
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October 31, 2019, 05:45:16 AM
 #1

The CEO of the Galaxy Digital and an extremely rich person, Michael Novogratz expressed that the inspecting of the cryptocurrency by one of the biggest and well-known espresso chain Starbucks for its user’s app is a major thing for the benefit class.

“Follow this space. This is a big deal. Crypto acceptance is coming. Bakkt to launch consumer app in the first half of 2020; will test the product with Starbucks.”

Source: TheCoinRepublic
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October 31, 2019, 02:28:57 PM
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 #2

The CEO of the Galaxy Digital and an extremely rich person, Michael Novogratz expressed that the inspecting of the cryptocurrency by one of the biggest and well-known espresso chain Starbucks for its user’s app is a major thing for the benefit class.

“Follow this space. This is a big deal. Crypto acceptance is coming. Bakkt to launch consumer app in the first half of 2020; will test the product with Starbucks.”

Source: TheCoinRepublic
That means the time for the real adoption of bitcoin will come. Im just waiting for this will give impact to the altcoin too (i don't expect a big impact)
It looks like bitcoin will be the only crypto that will be accepted to be integrated with the mainstream stores like starbuck.

Im so happy to see that. but my question is will another crypto get the same chance as bitcoin to be traded on BAKKT? this is very interesting to see that.  It looks like the title should be replaced with bitcoin as bitcoin is the only coin that already traded on BAKKT.  Grin


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October 31, 2019, 02:34:35 PM
 #3

It's a good thing though but I think that news about Starbucks accepting bitcoin has been around the crypto since last year? IIRC.
And that description about Novogratz being a very rich guy, I don't think that's necessary.



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October 31, 2019, 02:42:07 PM
 #4

Bakkt to launch consumer app in the first half of 2020; will test the product with Starbucks.”
Yes, I heard that as well.  It wasn't clear to me what Starbucks is actually going to be doing with bitcoin, but I recall reading that they were going to offer a service by which customers could convert crypto to cash...or something like that, and that Starbucks would be utilizing Bakkt for its own purposes (probably to buy bitcoin I would think).

This is all good news in any case.  I love starbucks and they've always tried to be on the cutting edge of technology, thanks in part to Howard Schultz.  It sure would be nice to be able to buy a coffee using bitcoin, and they also have an online store with a lot of good items.  If they accepted crypto there it would be very convenient and might be a good test of how willing their customers are to spend it.

I think that news about Starbucks accepting bitcoin has been around the crypto since last year?
At least since last year, but since Bakkt launched I think they'll be moving forward more quickly.  I hope anyway.
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October 31, 2019, 02:49:56 PM
 #5

The CEO of the Galaxy Digital and an extremely rich person, Michael Novogratz expressed that the inspecting of the cryptocurrency by one of the biggest and well-known espresso chain Starbucks for its user’s app is a major thing for the benefit class.

“Follow this space. This is a big deal. Crypto acceptance is coming. Bakkt to launch consumer app in the first half of 2020; will test the product with Starbucks.”

Source: TheCoinRepublic

oh wow nice news Smiley  ya i think 2020 will be the year maybe for mass adoption? those Bakkt peoples really are doing their part right now
i wonder if the whales planed this, maybe they wanted to accumulate before the next 1/2ing and price explosion...
as every true Bitcoiner KNOWS $100k will happen, its just a matter of time Smiley

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October 31, 2019, 03:04:40 PM
 #6

The CEO of the Galaxy Digital and an extremely rich person, Michael Novogratz expressed that the inspecting of the cryptocurrency by one of the biggest and well-known espresso chain Starbucks for its user’s app is a major thing for the benefit class.

“Follow this space. This is a big deal. Crypto acceptance is coming. Bakkt to launch consumer app in the first half of 2020; will test the product with Starbucks.”

Source: TheCoinRepublic
Is these for real, that's good news a big company like starbucks is adopting cryptocurrency i can wait for more company that will do the same.

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October 31, 2019, 03:15:52 PM
 #7

What kind of products will Starbucks launch later?
crypto for payment, or what?
I'm still confused about this. if it's a payment instrument, it might be good. but it is important to know that each country has different regulations. and if it's about crypto, is it possible to become a global payment and can be used at Starbucks anywhere in the world?

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October 31, 2019, 03:18:53 PM
 #8

But this news is pretty old, I think that I have heard about this connected to Bakkt few months ago.
But I hope that the most famous coffee house will finally accept cryptocurrencies and bring trust into it.


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October 31, 2019, 04:47:32 PM
 #9

The CEO of the Galaxy Digital and an extremely rich person, Michael Novogratz expressed that the inspecting of the cryptocurrency by one of the biggest and well-known espresso chain Starbucks for its user’s app is a major thing for the benefit class.

“Follow this space. This is a big deal. Crypto acceptance is coming. Bakkt to launch consumer app in the first half of 2020; will test the product with Starbucks.”

Source: TheCoinRepublic

Ha! It's nice to see some real-world everyday adoption of crypto!

Seems I will switch back to Starbucks for my morning coffee... if Costa doesn't follow them in the crypto adoption.

 
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October 31, 2019, 05:14:02 PM
 #10

definitely this is the very first step to make cryptocurrency used everywhere and ordinary people begin to understand that cryptocurrency can be used as regular money.


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October 31, 2019, 05:25:38 PM
 #11

What kind of products will Starbucks launch later?
crypto for payment, or what?
I'm still confused about this. if it's a payment instrument, it might be good. but it is important to know that each country has different regulations. and if it's about crypto, is it possible to become a global payment and can be used at Starbucks anywhere in the world?

Starbucks is just adding bitcoin as a payment method! They are not launching any crypto related product! Even though they are a global brand, but they have separate entities set up for different countries. For example, they are registered as Tata Starbucks Pvt. Ltd. In India. In Japan, they are registered as Starbucks Coffee Japan Ltd. Similarly they have separate entities for each region!

So they may be testing the bitcoin oayment feature in US at this moment. But later if the legal scenario changes for better in other countries, they wouldn't mind rolling out the changes everywhere!

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October 31, 2019, 06:20:48 PM
 #12

I think that in a few years a very large number of large retail chains such as Starbucks will accept cryptocurrencies and this will be not only coffee shops but also many shopping centers, etc.

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October 31, 2019, 07:09:05 PM
 #13

I have heard of that news before and it's really a great thing that even huge companies are now accepting and adopting crypto. It will surely gain the trust of most companies around the world for cryptocurrency. Let's wait for more companies that would accept bitcoin and other cryptocurrencies in the future. It will surely affect the market positively.



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November 01, 2019, 08:50:24 AM
 #14

If Starbucks succeeds in its testing, it will not be long before many fast food places, cafes and shopping centers use cryptocurrency as a new payment method. We know that startbucs is the most famous coffee shop in the world.

This will be big news when testing is being done later in 2020.

 
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November 01, 2019, 09:00:07 AM
 #15

The CEO of the Galaxy Digital and an extremely rich person, Michael Novogratz expressed that the inspecting of the cryptocurrency by one of the biggest and well-known espresso chain Starbucks for its user’s app is a major thing for the benefit class.

“Follow this space. This is a big deal. Crypto acceptance is coming. Bakkt to launch consumer app in the first half of 2020; will test the product with Starbucks.”

Source: TheCoinRepublic

This will create visibility for sure as in free advertisements for example. Think of how much money is this worth in advertisement space when Starbucks mentioning this on their ads while selling coffee.

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November 01, 2019, 09:02:39 AM
 #16

If Starbucks succeeds in its testing, it will not be long before many fast food places, cafes and shopping centers use cryptocurrency as a new payment method. We know that startbucs is the most famous coffee shop in the world.

This will be big news when testing is being done later in 2020.

Basically the outcome of the testing is quite predictable. We, the users already tested it, the user experience is already good, what they are just doing is to try and test the implementation of it to their business. Such as the technicalities, customer satisfaction and such. In this case, we can already say that in terms of technicality, it is already passed as technology will provide all the necessary functions to it, they just need to convince customer and provide great customer satisfaction as well to make it happen.

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November 01, 2019, 11:10:24 AM
 #17

If Starbucks succeeds in its testing, it will not be long before many fast food places, cafes and shopping centers use cryptocurrency as a new payment method. We know that startbucs is the most famous coffee shop in the world.

This will be big news when testing is being done later in 2020.
I expect 3-5 years crypto currency will be use in any country that you can use it to buy even in the market . I heard there is a city that already use digital money but not crypto currency. maybe in the next more years it will change to crypto sincw it is faster and have thier own transaction id for confirmation.

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November 01, 2019, 11:29:07 AM
 #18

That's a good start to bitcoin/cryptocurrency adoption to various use cases, and in this case, as a mode of payment in everyday, common neccessity services such as food. This also jump starts the main idea of Satoshi coming to life, to use Bitcoin as an alternative mode of payment to current existing fiat. Soon enough, we'll start seeing it being adopted by other enterprises, but I don't believe too much on altcoins though.


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ChrisPop
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November 01, 2019, 12:28:05 PM
 #19

In my opinion coffee shops are the best place to integrate cryptocurrency in the daily population use. Really looking forward to seeing the Bakkt consumer app in action. Hopefully it will be available worldwide not just in the United States.

el kaka22
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November 01, 2019, 04:28:37 PM
 #20

These type of rich people commenting on the situation of bitcoin is actually great, it creates some sort of wave affect around the rich people and that is what matters. We can talk about bitcoin all we want but people with 100+ millions won't listen to us, at least not all of them but in the end if one of them talks about it they could get some attention.

This dude is investor for many many successful projects (many failed too of course) so these companies all could look into crypto with one call from him, that is why people like him supporting crypto is very valuable to all of us. We should spread this information as much as we can and get in the hands of other rich people so they would start listening to us because now one of their people is among us.

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