Starbucks: Sorry, Your Bitcoin Is Still No Good Here

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Starbucks wants to be crystal clear: Despite recent stories about their involvement in some sort of blockchain project, they are not going to be accepting bitcoin as a form of payment for coffee.

On Friday, Starbucks and a number of other companies including the Intercontinental Stock Exchange, Microsoft, and BCG announced they were forming Bakkt, a company that intends to create a “seamless global network” leveraging “Microsoft cloud solutions to create an open and regulated, global ecosystem for digital assets.” That inspired a wave of headlines speculating that you could soon be able to “pay for Frappuccinos with bitcoin.” Said venture is not, however, intended to help you leverage your internet money for caffeine per se, at least not yet.



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