RATE Group | Starbucks Clarifies Its Position on Cryptocurrency
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Starbucks Clarifies Its Position on Cryptocurrency

06 Aug Starbucks Clarifies Its Position on Cryptocurrency

Posted at 12:33h in Ethereum News by

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Late last week, news went around that international coffee maker was going to get involved in Bitcoin and cryptos in general. Many saw this development as a welcome one, especially as it provided relief to the crypto community. But the coffee company has come out to clarify the rumors.

Cryptocurrency Foray Doesn’t Mean Bitcoin for Latte

American coffee company, Starbucks, has come out to debunk rumors that it was accepting Bitcoin and other cryptocurrencies as payment. Earlier in the week, the company announced Bakkt, a new global platform that will enable the spending of digital assets. This is a joint venture involving Intercontinental Exchange, BCG, and Microsoft, amongst others. According to Starbucks’ payments VP:

The company would play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks.

The announcement excited several new outlets who rolled out different headlines with…

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