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Tuesday, August 07, 2018

Starbucks Testing Bitcoin

No mention, but will they integrate more general blockchain experiments?  Could be good to follow.

Starbucks prepares for a Bitcoin future  with comments by Retail Experts   by George Anderson in Retailwire

Starbucks is not jumping on the cryptocurrency bandwagon, not just yet. Reports last week that Starbucks is ready to begin accepting Bitcoin and other cryptocurrencies as payment for drink and food orders at its locations were a tad premature.

Instead, Starbucks announced it is working with the Intercontinental Exchange (ICE), Microsoft and others to create Bakkt, a platform with a mission to enable “consumers and institutions to buy, sell, store and spend digital assets on a seamless global network,” in the future.

The Bakkt platform will initially be used for trading and converting Bitcoin into traditional forms of currency that businesses such as Starbucks accept as payment. The network is currently prepping for its launch, with further details expected in the weeks to come.....  "

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