Starbucks customers can now pay for items with bitcoin through Bakkt digital wallet application. Bakkt’s CEO, Gavin Michael explained that 500,000 users participated in testing before the launch, as the company says it looks forward to expanding crypto assets to everyone.
To use this service, simply download the app from the Google Play Store or Apple Store and pay for purchased coffee with Bitcoin. During the announcement Bakkt’s CEO, Gavin Michael said “The average consumer holds a wealth of digital assets – from gift cards to loyalty points to bitcoin – but lacks the tools to adequately track and utilize their value,”
“We’re thrilled to bring the Bakkt App to the public as a step along our journey to expand digital asset access to all.
Starbucks is not the only mainstream shop that will accept bitcoin via the Bakkt app, as companies like Golfnow, Best Buy, Choice Hotels, and Fiserv are joining in as well. Karl Hebert, Starbucks VP of global card, commerce, and payments explained that the Starbucks team worked very closely with the Bakkt team members.
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