Bitcoin payments at Starbucks aren’t happening anytime soon

Recent news that Starbucks has partnered with Microsoft, the International Exchange, and a few other companies to launch a cryptocurrency venture called Bakkt has fueled reports that Starbucks is getting ready to start accepting Bitcoin in its stores. 

Speaking to Motherboard, however, the company has stated that this is not true. 

“Customers will not be able to pay for Frappuccinos with bitcoin,” a Starbucks spokesperson told the outlet, refuting a CNBC story published Friday.

Starbucks’ press release, dated Aug. 1, said Bakkt will be a “regulated, global ecosystem for digital assets” that will enable customers and institutions “to buy, sell, store, and spend digital assets on a seamless global network.”

But Bakkt will initially only let users trade and convert Bitcoin into fiat currencies, which (obviously) can be used at Starbucks.

Being the first significant foray the…