Starbucks is Testing Bakkt Cash — a Crypto Payment System

Bakkt — cryptocurrency trading platform, launched testing of the Bakkt Cash payment option in the Starbucks app. With this option, products in the coffee shop network can be bought for cryptocurrencies.

Starbucks representatives emphasized that there is no talk about a full-scale launch. However, this will most likely happen in the future, as the coffee shop chain named Bakkt as its “strategic partner.” Currently, in order to pay with Bakkt Cash, the user will need to register in the “early access” program.

“We anticipate that a range of cryptocurrencies will gain traction with customers and, through our work with Bakkt, we will be uniquely positioned to constantly consider and offer customers new and unique ways to pay seamlessly, at Starbucks,” the coffee chain said.

Bakkt also plans to launch its own loyalty points, and they can be used in the wallet of the site, which will appear this summer. To develop a loyalty program, Bakkt even acquired a provider of such solutions to Bridge2.

Bakkt President Adam White said that with the help of the wallet it will be possible to store loyalty points of various companies, Bitcoins and other assets in a single application.

The other day, it was reported that Bakkt raised an investment of $300 million during the B-series financing round.

Author: Marko Vidrih

Featured image credit: Pixabay