Bakkt crypto platform has started testing the Bakkt Cash option in the Starbucks application, with which consumers can pay for purchases in the coffee shop chain.
We're reducing payment costs for merchants, improving their bottom line.— Bakkt (@Bakkt) March 16, 2020
Open your @Starbucks app account settings to see our first direct integration and select "Bakkt Cash" under "Payment" to sign up for the @Bakkt Early Access Program! pic.twitter.com/pMJRiIVDSG
To use Bakkt Cash, users must register with the Early Access Program. The timing of the full launch has not yet been announced.
“We expect that various cryptos will proceed to obtain popularity among our consumers, and, working with Bakkt, we can provide them with new and unusual payment methods at Starbucks,” a coffee chain spokesman said.
In the future, Bakkt will expand the functionality of the application by adding loyalty points to it. A wallet is also being prepared for release, which will allow you to store various types of assets.
For the first time, the idea of launching a Bakkt consumer app for Starbucks came up in March 2019. The application was announced in October.