“As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks.”
This comes straight from Maria Smith, Starbucks’ vice president of partnerships and payments. As stated in a blog announcement by Bakkt, they are now focused on the development of the consumer app and merchant portal, expected to be launched in the first half of 2020.
Mike Blandina, Chief Product Officer at Bakkt stated, Bakkt’s goal to innovate at the intersection of digital assets and payments solidified my decision to lead the team’s payments and technology efforts as Chief Product Officer. With more than 25 years of payments experience spanning product, engineering, strategy and operations at companies such as Google, PayPal and Blackhawk Network, I have worked to solve pain points and create product breakthroughs for both merchants and consumers.
This article is not intended to be financial advice. As always, do your due diligence before investing, and never invest more than you can afford to lose.