Post
Topic
Board Bitcoin Discussion
Re: Starbucks ready to accept crypto currencies but says no to bitcoin
by
aardvark15
on 31/01/2018, 18:30:32 UTC
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


It makes since that Bitcoin is not the coin they choose since the fees are high, but the lightning network is supposed to help with that. There are other coins that have zero transaction fees like Iota. It would make more since to choose a different coin.

I think this is good news for the cryptocurrency community regardless of which coin they use because this process of paying with cryptocurrencies needs to start at physical businesses at some point.