Starbucks Chairman Is Hot on Blockchain, Cold on Bitcoin
Starbucks Chairman Howard Shultz said the coffee chain plans to incorporate blockchain technology and digital currencies into its long-term payment technology strategy, and hopes to “expand digital customer relationships.” Shultz does not, however, believe that bitcoin will play a role in this strategy, remarking that he didn’t believe the original cryptocurrency would “be a currency today or in the future.” He clarified that Starbucks is not developing a digital currency or announcing an investment in blockchain or cryptocurrencies, but would like to use its stature to lend credibility to…