Starbucks recently announced that, together with Microsoft and International Exchange (owner of the New York Stock Exchange), in a partnership called Bakkt, it would begin trading in Bitcoin. Confusion ensued following the announcement as many media and news outlets reported that consumers would be able to use Bitcoin to pay for their coffees. An article published by MarketWatch explains the misunderstanding, quoting an email the coffee giant sent to Motherboard stating, “it is important to clarify that we are not accepting digital assets at Starbucks. 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.”
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