Starbucks to “Accept” Bitcoin

New Venture, Bakkt to Promote Bitcoin Buying, Selling, Holding and Use of Bitcoin.

Bakkt is Backed by NYSE owner Intercontinental Exchange, Starbucks, Microsoft and other investors.

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Smaulgld You Tube Live Stream August 5, 2018

Last night’s live stream discussed why the new venture, Bakkt, among New York Stock Exchange owner Intercontinental Exchange (ICE), Microsoft and Starbucks is a big deal, but not for the reasons most people might think. The new deal illustrates that the two common narrative are incorrect- ie that bitcoin will end central banking OR the authorities will clamp down on bitcoin and shut it down bitcoin.

There is already too much value and too many users in the bitcoin and cryptocurrency ecosystem for that to be practicable. Rather large corporations and financial institutions, with the blessing of U.S. regulators are moving in to capture a portion of the value and along with it associated payment and trading fees. Bakkt intends to capitalize on bitcoin and cryptocurrencies by offering a platform to buy, sell, store and spend digital currencies.

Watch the video companion to “Starbucks to “Accept” Bitcoin

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NYSE Parent ICE in New Futures Contract – Will Deliver Real Bitcoin

Bitcoin Would be First Worldwide Currency- NYSE owner

As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks,” said Maria Smith, Vice President, Partnerships and Payments for Starbucks.

“It is important to clarify that we are not accepting digital assets at Starbucks. Rather, the exchange will convert digital assets like bitcoin into US dollars, which can be used at Starbucks,” a Starbucks spokesperson confirmed to Motherboard.


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