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Starbucks customers can now use the Bakkt digital wallet application to purchase goods with Bitcoin. The CEO of Bakkt, Gavin Michael, explained that 500,000 users participated in the test before the launch because the company said it wanted to expand the crypto assets to everyone.
Now you can use the Bakkt wallet in the popular cafe chain called Starbucks to pay with Bitcoin. Starbucks has more than 30,000 business locations around the world and is the world’s largest coffee shop chain, with an annual revenue of approximately US$26.5 billion. According to Bakkt executives, 500,000 customers have participated in Bakkt’s invited-only early access program. Now anyone can download the app through the App Store and Google Play Store and then use the app to make purchases.
Bakkt’s CEO Gavin Michael said in a statement: “The average consumer has a large number of digital assets-from gift cards to loyalty points to Bitcoin-but lacks the ability to fully track and exploit their value. Tools.” “We are pleased to release the Bakkt application to the public. This is a step in our process of extending digital asset access to everyone.
Starbucks is not the only mainstream store that can accept Bitcoin through the Bakkt app, because companies such as Golfnow, Best Buy, Choice Hotels and Fiserv have also joined. Starbucks Global Card, Commerce and Payment Vice President Karl Hebert explained that the Starbucks team works closely with Bakkt team members.
Herbert said: “We worked closely in Bakkt’s process of seeking advice to develop a unique and trustworthy payment experience, enabling customers to unlock the value of their digital assets in the form of U.S. dollars.”
Starbucks executives added:
We are very happy that customers now have the opportunity to use Bakkt to load their Starbucks card in the Starbucks app and then use it to pay at Starbucks.
In addition, Golfnow’s senior vice president and general manager Jerramy Hainline said that his company is also looking forward to diversifying the development of alternative payment systems.
“As the technical leader of our sport, Golfnow is very pleased to work with Bakkt to provide further diversified payment solutions for our more than 3.5 million members,” Hainline said. “The potential demonstrated by our partnership is very compelling. It provides our customers with the ability to convert cryptocurrencies, gift cards, and unused loyalty points into golf rounds, thus creating a way to make golf more popular. opportunity.”
How do you consider spending Bitcoin in places like Starbucks, Best Buy and Golfnow? Let us know your thoughts on this topic in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, Starbucks logo,
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