Breaking: Starbucks To Accept Bitcoin Payments In All Of Its Stores

According to CNBC, prominent coffee house Starbucks has recently partnered with Microsoft and the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, to launch a new company called Bakkt that's set to allow consumers to spend cryptos like BTC.

The platform is going to convert BTC and "other cryptocoins" into USD, that can be used to purchase coffee in Starbucks. It's set to rollout in November of this year.

BKCM founder and CEO Brian Kelly was quoted as saying:

"It's very big news for bitcoin because people say, 'Where can you spend it?' Now at every single Starbucks, > Starbucks is seeing some kind of demand for acceptance of crypto and bitcoin, and to tie up with a huge regulated institution like the ICE is really positive for the space."