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Starbucks is not accepting Bitcoin, but builds an exchange

It will generally allow the crushed and boiled crypto investments to be converted to the crushed an...



Starbucks is not accepting Bitcoin, but builds an exchange



It will generally allow the crushed and boiled crypto investments to be converted to the crushed and boiled coffee beans.



06.Aug.18 7:11 AM
By Shawn Highstraw
Photo Some photobank

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Starbucks is not accepting Bitcoin, but builds an exchange
Bitcoin, first and most important cryptocurrency in the World is not a mean of payment in the Starbucks network. However, it well might be in the future as the named company along with Microsoft, Intercontinental Stock Exchange and BCG (The Boston Consulting Group) show it’s intention to build a new ‘open and regulated, global ecosystem for digital assets’. From the corporate slang it translates something like ‘yet another exchange’.

Instead of paying with BTC directly Starbucks intends to accept the proven old bucks, except that they can be immediately exchanged from Bitcoin with the help of Bakkt - the new exchange/purse/application. Therefore all the risks of regulation of Bitcoin itself and the volatility of crypto assets will be out of reach for the Starbucks and its partners.

It is not the kind of fanfare endorsement. It will generally allow the crushed and boiled crypto investments to be converted to the crushed and boiled coffee beans. Which is nice, anyway.

Bitcoin itself is not good for the transactions because of volatility, high transaction fees and a lot of other less obvious reasons.



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