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Starbucks will accept Bitcoin in 2020, thanks to Wall Street’s Bakkt

In an effort to move beyond futures trading , Bakkt will be commencing its consumer app and merchant portal in mid 2020 with Starbucks - who will be the first launch partner in helping "unlock the value of digital assets."

Starbucks’ acceptance of Bitcoin payments through the Bakkt platform, even though indirectly, is also likely to spur other retailers to follow suit. Bakkt’s choice of Starbucks as the first launch partner of its payments app is a brilliant move considering that the demographic that has heavily embraced crypto, millennials, are avid coffee lovers!

Tags

payments, capital markets, defi