As Starbucks shops are preparing for the integration of Bakkt, the famous coffee shop’s customers will have the opportunity to pay for their favorite coffee with bitcoin (BTC); however, tax returns might represent a serious problem to the functionality of the crypto-based payment system.
The point of mass adoption in terms of accepting cryptocurrencies as alternative payment methods across various retail shops comes down to the case of spending your digital assets as quickly as fiat.
In the meanwhile, many shops started to accept bitcoin alongside several cryptocurrencies, but the mass adoption is yet to bring the cryptos to mainstream as the majority of businesses accepting crypto as an alternative payment method are said to be small and medium companies.
This case might soon see serious changes as Starbucks most recently received significant equity in Bakkt, although the coffee giant is not holding any cash investments in this cryptocurrency ecosystem.
Bakkt to Bring Cryptocurrency Payments to Starbucks Customers