Starbucks Will Support Bakkt After ‘Disproportionately High’ Equity Deal

Starbucks Will Support Bakkt After ‘Disproportionately High’ Equity Deal
фото показано с : bitcoinist.com

2019-3-5 14:00

Bakkt, the New York Stock Exchange’s (NYSE) forthcoming cryptocurrency trading platform, will — in fact — feature Starbucks payments for users.

‘Coffee-For-Bakkt?’

This is according to an anonymous source familiar with a deal between Bakkt and its early-stage partner, which will see the latter accept the service in payment for its in-store products.

The source was speaking to cryptocurrency news publication The Block and the information was subsequently confirmed by the publication’s founder, Mike Dudas, on social media.

“There’s high value from having a brand of this level,” the source commented about the implementation of Bakkt in Starbucks stores.

At the time Bakkt first became public knowledge in August 2018, the coffee giant caused a stir as a major ally of the project — which also has backing from Microsoft. Shortly afterward, however, Starbucks denied any suggestions that Bitcoin or other cryptocurrency payments could become a reality for customers. “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 spokesperson told Vice.

 

Industry In Waiting

A form of that arrangement now looks set to become reality, with Starbucks reportedly receiving a “disproportionately high” equity reward in return for its continued adoption pledge.

The news marks a boon for Bakkt supporters, who have waited through several delays for the platform to launch as executives attempt to iron out regulatory kinks.

As Bitcoinist reported, a vague debut deadline revolves around the first half of 2019 — having originally been planned for late last year, then for late January.

Bakkt’s first product will be physically-delivered Bitcoin futures contracts, a tool which has begun seeing a turnaround as of the latter part of February.

CME Group, one of the first providers of Bitcoin futures, nonetheless remains hawkish on the future, arguing that government involvement is key to long-term success of cryptocurrency products. 

What do you think about Starbucks’ Bakkt equity deal? Let us know in the comments below! 

Images courtesy of Shutterstock.

The post Starbucks Will Support Bakkt After ‘Disproportionately High’ Equity Deal appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

iDealCash (DEAL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 3.59 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 1.447b DEAL

bakkt deal starbucks publication cryptocurrency source equity

bakkt deal → Результатов: 7


What is Bakkt and will it really bring Bitcoin, Ethereum and others to the “moon”?

Cryptocurrency market has been looking to create a safe and attractive path for institutional investors to come on board for quite some time now. The interest from investors is there as the attractiveness of the crypto space cannot be denied; decentralized blockchain technology can potentially improve privacy, scalability, security issues that businesses deal with daily.

2019-1-20 13:30


Фото:

Bakkt Is The Biggest Thing To Happen For BTC Institutional Adoption And Now The CEO Wants Us To Know More

August marked the launch of Bakkt, a new blockchain and cryptocurrency project that nurtures involvement from mainstream companies such as Microsoft and Starbucks. The essence of Bakkt is that it could inspire a great deal of institutional investment and could make things like Bitcoin ETF applications far more likely to be improved.

2018-8-21 15:00


Фото:

‘Biggest News of the Year for Bitcoin’: ICE Deal Helps ETF Chances, Says Brian Kelly

Intercontinental Exchange (ICE) teaming up with Microsoft, Starbucks and others on digital asset platform Bakkt makes it “much easier” for a Bitcoin ETF to launch. Kelly: ICE Is ‘Huge News’ That’s according to Brian Kelly, CNBC’s regular cryptocurrency commentator and BK Capital Management founder, who called the plans the “biggest news of the year” for Bitcoin.

2018-8-5 20:00