CNBC FAKE NEWS!! STARBUCKS WILL NOT BE ACCEPTING BITCOIN!!!

in #bitcoin6 years ago (edited)

According to this article: https://motherboard.vice.com/en_us/article/43pq8p/starbucks-will-not-be-accepting-bitcoin
Contrary to numerous news reports, Starbucks’ new cryptocurrency partnership with Microsoft and Intercontinental Exchange doesn’t mean you’ll be able to spend your bitcoins at the coffee retailer’s locations.

On Friday, Starbucks announced a new cryptocurrency venture with Microsoft and Intercontinental Exchange called Bakkt.

Perhaps because Starbucks is best known as a coffee retailer, and digital currencies such as Bitcoin are still painfully lacking in places to spend them, a whole bunch of news outlets took the announcement to mean that customers will soon be able to buy their Venti-whatever with cryptocurrency. CNBC ran with the headline! New Starbucks partnership with Microsoft allows customers to pay for Frappuccinos with bitcoin.

“It is important to clarify that we are not accepting digital assets at Starbucks. Rather the exchange will convert digital assets like Bitcoin into US dollars, which can be used at Starbucks,” a Starbucks spokesperson wrote me in an email. “At the current time, we are announcing the launch of trading and conversion of Bitcoin. However, we will continue to talk with customers and regulators as the space evolves.”

“Customers will not be able to pay for Frappuccinos with bitcoin,” the spokesperson wrote.

Sorry!

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