Re: Starbucks ready to accept crypto currencies but says no to bitcoin

Quote from: HasHe on January 31, 2018, 11:24:14 AM

Starbucks is going to become the pioneer in high street shops to accept crypto currency payments.It has said that it would soon incorporate blockchain as part of payment strategy but says no to bitcoin.

Starbucks Chairman Howard Shultz said that they would not be ready to accept bitcoin.

What might be the reason for this?

Is it bitcoin's high volatility or high transaction fee issue?

Here is the link

https://www.express.co.uk/finance/city/910629/bitcoin-cryptocurrency-news-latest-Ripple-Ethereum-price-value-surge-starbucks-payment

I think volatility and high transaction fees are the two reasons why Starbucks do not accept bitcoins but for other cryptocurrencies at a lower fee. by receiving cryptocurrency as a means of payment this will be many people who know about the world of crypto so will increase the price of cryptocurrency later