Starbucks Finally Accepts Crypto
One of the many questions asked was: “When will I be able to pay for coffee with a Bitcoin?“, well, that time is now as the coffee giant – Starbucks now has the capacity, along with some other major retailers, to accept Bitcoin.
This was demonstrated by one of cryptocurrencies biggest supporters and proponents, the Winklevoss Twins. The payment for coffee at Starbucks is not one of their own initiatives, although they are pursuing blockchain with Microsoft’s help, but rather it is through a partnership between New York-based crypto exchange Gemini and payments startup Flexa.
How does it work?
Through Gemini and Flexa users can essentially buy coffee with Bitcoin as easy as using any fiat currency by flashing their smartphone with an Apple Pay-like app.
The payment works via Flexa’s Spend mobile app. Once you install the app on your smartphone, you the proceed to send some crypto to your wallet. The app supports a number of cryptos including the obvious ones like, Bitcoin and Ethereum. It also supports Zcash, Bitcoin Cash, Litecoin and the exchange’s native dollar-pegged stablecoin, the Gemini Dollar.
Once you fund your wallet, you just hold up your app to pay at the cashier, just as you would with Apple Pay. The cashier doesn’t even get to know that you’re paying in cryptos. The retailer receives his payment in real-time through the method of his choice, be it crypto or fiat currencies. For those that select fiat payments, Gemini handles the conversion.
Now, as its drive in adoption picks up again and it needs to prove its usefulness, being able to spend Bitcoin as easy as cash on a debit card will be a big step in the right direction. It remains to be seen of this partnership and framework set up by Flexa will lead to total adoption, but no doubt it is a good beginning. (Positive)
Coinbase Hits Trending On AppStore
Interest resurgence in bitcoin and cryptocurrencies is imminent, as Coinbase’s iOS has it the trending list on the App Store.
The rise in prices in cryptocurrencies is often accompanied by an increased interest in cryptocurrencies from “ordinary people” as investors. The market of late 2017 saw those who had not previously invested in crypto enter the market. The crash in the following year had turned many would-be investors off, but as ShapeShift CEO Erik Voorhees explained, Bitcoin and the crypto market operate in a cyclical fashion.
In a last few days market experienced significant increase in the prices of bitcoin and altcoins. (Positive)
Opera to Support TRON Blockchain
Web browser Opera will be adding support for the TRON blockchain, with more to follow in the next 12 months,. Currently, the browser supports only Ethereum blockchain and Ethereum-based tokens.
Thanks to this novelty, it will be possible to access TRON-powered dapps and tokens. Moreover, Opera’s cryptocurrency wallet will also add support for TRC-standard tokens, including TRX.
“We are excited that Opera, a mainstream browser with hundreds of millions of users, will now seamlessly support TRX and other TRON tokens…..Soon, Opera users will be able to use dapps on the TRON blockchain,” said Justin Sun CEO of TRON. (Neutral)