RATE Group | You won’t be able to spend your cryptocurrency in Starbucks anytime soon
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You won’t be able to spend your cryptocurrency in Starbucks anytime soon

07 Aug You won’t be able to spend your cryptocurrency in Starbucks anytime soon

Posted at 00:44h in Cryptocurrency News by

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No, you won’t be able to spend your cryptocurrency at Starbucks.

Last Friday, Starbucks announced that it would be joining and supporting a project known as Bakkt. If successful, Bakkt will leverage Microsoft’s cloud solutions – probably their blockchain based Azure platform – to create an infrastructure for managing and using digital assets. And get this, they say it will be regulated! Regulated digital assets, whatever next!

Where blockchain and cryptocurrency are mentioned, the hype train is never far behind. Naturally, when the words “digital assets” are used, people immediately assumed this would mean we could spend our cryptocurrency on coffee.

But it turns out this won’t be the case, according to Motherboard.

Bakkt won’t actually enable Starbucks customers to spend their cryptocurrency at one of the coffee giant’s more than 28,000 international locations. Rather, it will function more like an on demand exchange. It provides…

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