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-paymentI would think there are many reasons for not accepting Bitcoin as payment. Volatility (how can you price anything when Bitcoin changes value so much?), long transaction times, and high transaction costs would be the main reasons. Personally, I would never accept Bitcoin because it's electricity usage is bad for the environment. It just seems unethical to use it.