Good old Starbuck is liking the Blockchain technology, and living here in Los Angeles there's a bucks on every corner. I use Starbucks app every damn day, and with the mining rumors we heard about them leaching off our phones, this news doesn't come as a surprise. Again, though this is forward thinking and big business given us non-FUD news, this is still positive for the Crypto world... I'm clipping an article that has quotes from Howard Schultz executive chairman of Starbucks had to say...Cheers!
“I think blockchain technology is probably the rails in which an integrated app at Starbucks will be sitting on top of.”
It’s interesting because Schultz on the company’s latest earnings call suggested they weren’t developing their own cryptocurrency nor investing in any blockchain startups. But he did at that time point to the blockchain for eventually delivering a “consumer application” for cryptos.
If you’re thinking Ripple’s XRP would have been ideal, consider that Ripple chief Brad Garlinghouse doesn’t consider XRP a cryptocurrency.
“It’s not currency. I can’t go to Starbucks or Amazon and use [it.] … These are digital assets. If the asset solves a real problem for a real customer, then there’ll be value in the asset.” — Brad Garlinghouse at the Yahoo Finance All Markets Summit on Crypto
Time will tell what Starbucks does going forward, but it's likely we see some sort of APP integration with blockchain technology in the near future...
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Even if it doesn't happen, businesses even publicly thinking about it is a win. The more people that see it the better.
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