Bakkt Announces New Direct Payment Integration with Starbucks
Bakkt Announces New Direct Payment Integration with Starbucks
Starbucks mobile app users will soon be able to pay for their coffee and snacks using Bakkt Greenbacks.
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A major digital nugget platform is making it even easier to lodge that double espresso with an extra shot.
Starbucks mobile app users will soon exist given the choice to pay for their drinks with "Bakkt Cash." Intercontinental Commutation (ICE), parent company of the Bitcoin derivatives provider, had alleged back in August 2018 that the coffee behemothic was looking at retail applications for crypto payments.
Today, Bakkt President Adam White announced the new payment integration with Starbucks on Twitter:
We're also reducing payment costs for merchants which improves their bottom line. Open your @Starbucks app to encounter our first direct integration and select @Bakkt to sign upward for our Early Access Programme pic.twitter.com/sZ3YlE0Sj9
— Adam White (@WhiteAdamL) March 16, 2020
Bakkt, considered one of the well-nigh promising crypto-based initiatives, recently raised $300 million in a funding round to continue developing digital asset-focused services.
The funds come at a time when both the crypto and stock markets are tumultuous due to the restrictions enforced to prevent the coronavirus from spreading. ICE had previously said they planned to apply the raised majuscule to buy software for developing the Bakkt app.
Testing for crypto payments will be express
Though the use of Bakkt Greenbacks might eventually be available to all users of the mobile app, White emphasized that customers had to sign upward for the platform's Early Access Program to take advantage of the new payment integration.
Co-ordinate to sources available to Cointelegraph, Bakkt said the crypto payment selection is merely in limited beta for now.
"Nosotros are currently conducting a limited exam for our customers, using the Bakkt payment method. Customers can see Bakkt as an option simply the test is merely available at this time."
Select users tin can select Bakkt Cash as a payment pick, only Starbucks has closed all its locations to consume-in customers on business relationship of the coronavirus outbreak. Just to-go orders will be allowed until further detect.
Source: https://cointelegraph.com/news/bakkt-announces-new-direct-payment-integration-with-starbucks
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