Starbucks is partnering with Microsoft and Intercontinental Exchange (IE) amongst others, to create a network which will allow the buying, selling and storing of cryptocurrency over a global network.
The network will allow consumers to buy their Starbucks coffee using Bitcoin, and other cryptos. The crypto will then be stored and exchanged on the network into fiat currency. Whilst this is not how Bitcoin, or crypto in general was intended to be used, it is yet another small step in real world use.
The most promising aspect of this is the blockchain technology behind it. We are starting to see companies and institutions investing heavily in blockchain technology, and it is no surprise to see the likes of Starbucks getting involved. Blockchain offers huge potential benefits for both individuals and big corporations.
The next time someone tells you that you can’t spend your Bitcoin, you’ll know what to say!
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We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.