The coffee chain Starbucks has taken an important step in paying for cryptocurrencies. Some Starbucks mobile app customers now have the “Bakkt Cash” payment option. Starbucks spokesperson said, “We are currently running a limited test for our customers using the Bakkt payment method. Some customers may see Bakkt as an option. ”
Intercontinental Exchange, the parent company of Bakkt, announced in the summer of 2018 that it is monitoring the retail use of Starbucks’ digital money payments. Bakkt President Adam White said on Twitter, “Open your @Starbucks app to see our first direct integration and select @ Bakkt to sign up for our Early Access Program.”
We’re also reducing payment costs for merchants which improves their bottom line. Open your @Starbucks app to see our first direct integration and select @Bakkt to sign up for our Early Access Program pic.twitter.com/sz3yle0sj9
– Adam White (@WhiteAdamL) March 16, 2020
A Starbucks official stated that their strategic partnerships with Bakkt are continuing.
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