Everyone already knows that Starbucks accepts crypto. Except Starbucks

Starbucks wants to be crystal clear: despite recent stories about their involvement in some sort of blockchain project, they are not going to be accepting bitcoin as a form of payment for coffee

Yes, Starbucks is getting into crypto — just not at the cash register. At least not yet.

On Friday, Starbucks and a number of other companies including the Intercontinental Stock Exchange, Microsoft, and BCG announced they were forming Bakkt (Finrazor has already mentioned why launching of Bakkt is a good news for the crypto industry), a company that intends to create a ‘seamless global network’ leveraging ‘Microsoft cloud solutions to create an open and regulated, global ecosystem for digital assets.’

That inspired a wave of headlines speculating that you could soon be able to

pay for Frappuccinos with bitcoin

That was enough for news outlets. Various headlines trumpeted the notion that Starbucks fans would soon be able to pay for their teas and lattes with bitcoin.

It is important to clarify that we are not accepting digital assets at Starbucks. Rather the exchange will convert digital assets like Bitcoin into US dollars, which can be used at Starbucks. At the current time, we are announcing the launch of trading and conversion of Bitcoin. However, we will continue to talk with customers and regulators as the space evolves.

Starbucks

Starbucks does, however, already accept digital payments in the form of its highly used mobile payments app, which reportedly outpaces Apple Pay, Google Pay, and Samsung Pay by millions of users.

So crypto for croissants may very well be in Starbucks’ future. For now though, regular bucks/coins/cards/Mobile Pay only, please.

Bitcoin

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Volume, 24h
3,699,986,063 USD
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57%
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84%

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