BTC Futures-provider Bakkt want to bring the cryptocurrency to Starbucks. The potential to Mainstream adaptation could give the Bitcoin exchange rate a healthy boost. Appropriate solutions already exist. Bakkt, however, is pursuing a slightly different approach.
By Phillip Horch
On 29. October 2019BTC$9.221,48 1.29%part Facebook Twitter LinkedIn xing mail
since at least last Friday, the 25. October, is the price of Bitcoin on the rise. With a 7-day increase of almost 15 percent, the largest crypto currency by market capitalization, currently at 9,500 US-dollars. As a possible price driver news from China to be traded.
But that’s the price of Bitcoin could climb to new highs, it needs a sustainable development of the Bitcoin Ecosystem. The proliferation of crypto-currencies to the masses, the so-called Mainstream adaptation, is often traded as a possible price driver. It goes to the US company Bakkt, could succeed in the coming year a step forward. Because Bakkt plans to bring Bitcoin Starbucks to.
Bakkt want BTC to Starbucks to bring
As you can see a message of the company, plans to Bakkt in the coming year the Launch of a „Consumer App“. This should make Bitcoin to the masses, as a first Partner, the company was able to win apparently, the coffee house chain Starbucks.
to mix Bitcoin among the people, works Bakkt according to information currently at four sites:
(technological) infrastructure for digital Assets: Here are the necessary basis for the safe handling of crypto currencies to emerge.Access to markets: Through the Consumer App, which will test Bakkt together with Starbucks, to maintain more people are dealing with Bitcoin.Control mechanisms: Bakkt promises to be a clear infrastructure so that consumers and businesses keep track of their Assets.Trust-to-know basis: By the above points, any safety concerns regarding the handling of crypto-currencies to be cancels. [Display] buy Bitcoin with the Bitwala account. Why have a Bank account with Bitwala? A Bank account is “Made in Germany” with protection of deposits up to 100,000 euros; 24/7 Bitcoin trading with faster liquidity; trading only ‘real’ Bitcoin has no financial derivatives such as CFDs; Secure users of lift-off control of the Bitcoin Wallet and the private key; With the contactless Debit Mastercard worldwide, and pay.
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open up in a word: Bakkt is working to make the cryptocurrency mainstream fit – this can also have an impact on the Bitcoin price. The masses must realize, however, is mandatory something – you do not need to understand the technology to use them:
It is often said that digital Assets will be successful if consumers do not have to think about the underlying technology,
Mike Plandina, Chief product Officer of Bakkt writes, in the message.
BTC for the masses: What’s with the Bitcoin-rate means,
BTC for payments in everyday use, is commonly seen as a driver for the Bitcoin promise course. Here, reference is made mainly to the deflationary structure of the crypto-currency – the maximum amount of BTC is limited to 21 million. If a mass adaptation, the demand for Bitcoin should rise, would have also an impact on the price – the supply is ultimately limited.
another possible driver for the Bitcoin exchange rate about the in may of next year, the upcoming Halving, this means a halving of the were rewarded for the „miners“ of the crypto currency. In addition, geopolitical tensions such as the trade war between the U.S. and China can affect the Price of Bitcoin is positive. Political tensions, such as the bubbling Brexit, or the threat of a recession in the world economy are sometimes traded as Bitcoin-price-to-driver.
Existing solutions for BTC payments at Starbucks
Appropriate solutions, there are, for example, with the Fold App. With BTC at Starbucks works also pay via the App Flexa. Here, however, there is one important difference – the respective payment provider to serve merely as middle men that provide the payment between the merchant and consumer.
Bakkt wants to refer to Starbucks as direct partners. In addition, both Apps require a certain amount of prior knowledge and the willingness to pay also with Bitcoin. The Consumer App from the home Bakkt is to use the technology in the Background – consumers need to be aware of it.
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