Bakkt tests consumer payments app with Starbucks

Cryptocurrency custody and futures trading platform Bakkt is developing a consumer payments app and merchant portal.

According to a Medium post, the move will help consumers “unlock the value of digital assets, as well as ways in which they can transact or track them.” 

“We are testing with our first launch partner, Starbucks, which we expect in the first half of next year,” it adds.

Maria Smith, Starbucks’ Vice President of Partnerships and Payments, comments: “As the flagship retailer, we 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.”

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