New Direct Payment Integration with collaboration to Starbucks, announced by Bakkt
In order to get double espresso an extra shot, it has made easier by major digital asset platform
“Bakkt Cash” accesses the option of payment for a drink to Starbucks mobile app user, reported on 17 March 2020.
August 2018, Intercontinental Exchange (ICE), the parent company of the Bitcoin derivatives provider, declared that the coffee giant was looking at retail applications for crypto payments.
Today, the announcement of the new payment integration with Starbucks, done by Bakkt president Adam White
We’re also reducing payment costs for merchants which improves their bottom line. Open your @Starbucks app to see our first direct integration and select @Bakkt to sign up for our Early Access Program pic.twitter.com/sZ3YlE0Sj9
— Adam White (@WhiteAdamL) March 16, 2020
Bakkt, In order to get continued with developing digital asset focused services,it planned crypto-based initiatives, by currently raising $300 million in a funding.
The funds released as deafening Crypto and Stock market results due to the restrictions enforced to prevent the coronavirus from spreading.lastly said by ICE that they planned to raised capital to purchase software for developing the Bakkt app.
Restricted Testing for crypto payments
White highlights, in order to derive advantage of new payment integration the customers need to sign up for the platform’s Early Access Program, even though the use of Bakkt Cash is available to all mobile app users.
Bakkt said the crypto payment option is only in limited beta for now, as per the available source of Cointelegraph
“We are currently conducting a limited test for our customers, using the Bakkt payment method. Customers can see Bakkt as an option but the test is only available at this time.”
Bakkt Cash payment option can be checkout by selected users, coronavirus outbreak results from Starbucks to get close its location to eat in the customer. orders will be allowed until additional notice.
Recently, Android users can now add Coinbase Card, a Visa debit card funded by crypto may be added by Android users directly to their Google Pay wallets. Establishment of Google Pay results from Coinbase to be the first company to get users to make mobile payments through their crypto balances
