• Latest
  • Trending
Starbucks Card Is Now Reloadable with Crypto, Coffee Giant Exploring Tokenizing Through Blockchain

Starbucks Card Is Now Reloadable with Crypto, Coffee Giant Exploring Tokenizing Through Blockchain

October 30, 2021
Kraken is recognized as a Newsweek Top 100 Global Most Loved Workplace

Kraken is recognized as a Newsweek Top 100 Global Most Loved Workplace

May 31, 2023
A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities

A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities

May 31, 2023
EOS EVM v0.5.0 to enable Yield+ Liquidity mining on EOS

EOS EVM v0.5.0 to enable Yield+ Liquidity mining on EOS

May 31, 2023
Trader Joe Goes All-In On Auto-Pools: Game-Changer For DeFi Investors?

Trader Joe Goes All-In On Auto-Pools: Game-Changer For DeFi Investors?

May 31, 2023
AB de Villiers ventures into Web3

AB de Villiers ventures into Web3

May 31, 2023
Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

May 31, 2023
Fidelity’s Timmer Predicts Bitcoin Revival

Fidelity’s Timmer Predicts Bitcoin Revival

May 31, 2023
USDT Issuer Tether Invests in Georgia Payment Processor CityPay.io

USDT Issuer Tether Invests in Georgia Payment Processor CityPay.io

May 31, 2023
Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

May 31, 2023
  • Privacy Policy
Wednesday, May 31, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Starbucks Card Is Now Reloadable with Crypto, Coffee Giant Exploring Tokenizing Through Blockchain

J_News by J_News
October 30, 2021
in Crypto Technical Analysis, Top News
0
Starbucks Card Is Now Reloadable with Crypto, Coffee Giant Exploring Tokenizing Through Blockchain
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Payments & Merchants

Starbucks Card Is Now Reloadable with Cryptocurrencies, Coffee Giant Exploring Tokenizing Through Blockchain

  • AnTy
  • October 29, 2021

The Seattle-based coffee giant Starbucks (SBUX) reported its fourth-quarter revenue of $8.15 billion.

During its earnings call, President and Chief Executive Officer Kevin Johnson said they are deepening its digital relationship and expanding the reach through payment partnerships with PayPal and Bakkt.

This partnership now allows a customer to “reload their Starbucks card with a range of cryptocurrencies including Bitcoin, Ethereum and others by converting digital currencies to physical currency and reloading their Starbucks card,” he said.

He further talked about utilizing blockchain technology to enhance digital services, enable customers to exchange value across brands, engage in more personalized experiences, and exchange other loyalty points for Stars at Starbucks.

“Through blockchain or other innovative technologies, we are exploring how to tokenize Stars, create the ability for other merchants to connect their rewards program to Starbucks Rewards,” Johnson said.

By leveraging its digital capabilities, Starbucks grew its 90-day active Starbucks Rewards members that represent the company’s most loyal and engaged customers by about 30% to 24.8 million members.

MicroStrategy’s Bitcoin Stash Grows Over $7 Bln

Besides Starbucks, business intelligence company MicroStrategy which holds Bitcoin on its balance sheet also reported its Q3 financial results that showed it purchased 8,957 BTC in this quarter, bringing its total holdings to over 114,000 BTC worth more than $7 billion at current prices.

The book value of the company’s Bitcoin stash was $2.406 bln with a cumulative impairment loss of $754.7 million.

MicroStrategy also reported a revenue of $128 mln. “We’re profitable, we’re generating a very healthy operating margin, and I’m very pleased with the stability and maturity of that business,” said CEO Michael Saylor.

During the third quarter, the company also offered $500 mln of senior secured notes, a “more creative” option than convertible debt issuance, with an annual interest rate of 6.125% in a private offering to finance more Bitcoin purchases.

Commenting on the regulatory discussions around Bitcoin, Saylor said,

“There’s no intention to block institutions from owning this asset.”

“It’s been referred to as a scare, speculative digital asset, or store of value asset.”

Bitcoin BTC

$ 61,739.65

-0.09%

+1.94%

+1.47%

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.



Source link

Related articles

Kraken is recognized as a Newsweek Top 100 Global Most Loved Workplace

Kraken is recognized as a Newsweek Top 100 Global Most Loved Workplace

May 31, 2023
A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities

A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities

May 31, 2023
ShareTweetShareShare
Previous Post

Incident Post Mortem: October 27, 2021

Next Post

$181 Million Worth of Shiba Inu Tokens Mistakenly Appears in Coinbase Account of NASCAR Driver

Related Posts

Kraken is recognized as a Newsweek Top 100 Global Most Loved Workplace

Kraken is recognized as a Newsweek Top 100 Global Most Loved Workplace

by J_News
May 31, 2023
0

Kraken is excited to announce that we have been named #16 in Newsweek’s Top 100 Global Most Loved Workplaces® list....

A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities

A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities

by J_News
May 31, 2023
0

The distinction is important because today, unlike the initial coin offerings (ICOs) of the past, many development teams that are...

EOS EVM v0.5.0 to enable Yield+ Liquidity mining on EOS

EOS EVM v0.5.0 to enable Yield+ Liquidity mining on EOS

by J_News
May 31, 2023
0

EOS Network Foundation announces launch of EOS EVM v0.50, first major update of EOS EVM. The update will enable new...

Trader Joe Goes All-In On Auto-Pools: Game-Changer For DeFi Investors?

Trader Joe Goes All-In On Auto-Pools: Game-Changer For DeFi Investors?

by J_News
May 31, 2023
0

Trader Joe, a Decentralized Exchange (DEX) on the Binance Smart Chain, is making waves in the Decentralized Finance (DeFi) world...

AB de Villiers ventures into Web3

AB de Villiers ventures into Web3

by J_News
May 31, 2023
0

AB de Villiers is a household name in the world of cricket, renowned for his swashbuckling batting style and records...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Milady Meme Coin Price Prediction 2023-2030

Bitcoin Price (BTC) in Stasis Below $27K Ahead of Powell Speech

Bloomberg made aware of FTX in June, did nothing because it would be “bad for business” | by Daniel Jensen | The Capital | Nov, 2022

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT