RATE Group | Starbucks partners with Microsoft, ICE on new cryptocurrency
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Starbucks partners with Microsoft, ICE on new cryptocurrency

03 Aug Starbucks partners with Microsoft, ICE on new cryptocurrency

Posted at 13:18h in Cryptocurrency News by

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Starbucks is working with Microsoft and a leading global exchange on a new digital payment platform that will allow consumers to use cryptocurrency to buy Frappuccinos.

The coffee giant along with Intercontinental Exchange, Microsoft and BCG, among others, to create a new company called Bakkt that will enable consumers and institutions to buy, sell, store and spend cryptocurrencies on a global network.

“As the flagship retailer, Starbucks will 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,” Maria Smith, vice president of partnerships and payments for Starbucks, said in a statement. “As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation for expanding payment options for our…

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