Starbucks will be the first launch of the upcoming payment service for Bakkt cryptocurrency. This comes months after reports that the coffee chain accepted direct Bitcoin payments were turned on. Now it seems obvious that the company will soon start accepting Bitcoin payments through the merchant portal of Bakkt.
Bakkt’s consumer app and merchant portal will be online from July 2020
The Bitcoin futures exchange platform was founded by the New York Stock Exchange Parent company ICE. Bakkt has indicated that the application for cryptocurrency payments will be available in July 2020 and the merchant portal they are testing.
Chief Product Officer Mike Blandina of Bakkt said this is a move to try to unlock cryptocurrencies ' value.
In the past, Bitcoin and other cryptocurrencies have been skeptical about the mainstream adoption of cryptocurrencies. The argument was that digital currencies will only become mainstream once they are integrated into their activities by ordinary people. These assertions may be true because Bitcoin and other digital assets are still to be fully accepted by retail outlets on a large scale.
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