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ICE AND STARBUCKS TO TEST APP TO ENABLE DIGITAL PAYMENTS

ICE AND STARBUCKS TO TEST APP TO ENABLE DIGITAL PAYMENTS



Bakkt, in which Intercontinental Exchange (ICE) has a majority stake, is to begin testing an app that will enable consumers to buy coffee at Starbucks using digital assets.

The company, a cryptocurrency trading platform that is part of ICE, is to test its first app with Starbucks in the first half of 2020.

In a blog on the Medium website, Mike Blandina, chief product officer at Bakkt, said “We’ve assembled a strong team of payments engineers and are nearing completion of our core payments and compliance platform.

“We’re now focused on the development of the consumer app and merchant portal, as well as testing with our first launch partner, Starbucks, which we expect in the first half of next year.

“Our vision is to provide a consumer platform for managing a digital asset portfolio, whether users want to store, transact, trade or transfer their assets” Mr Blandina said.

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