Fold Brings Bitcoin to Hong Kong Starbucks Branches
Bitcoin adoption can only occur once there are enough use cases for everyday consumers to consider it a valid payment method. While people can buy a lot of different goods and services with Bitcoin, it’s not suited for everyday consumers just yet. However, now that Starbucks branches in Hong Kong are accepting Bitcoin, that situation might change sooner rather than later. Starbucks Hong Kong and the Fold Application. One of the most popular brands in the world is Starbucks. Regardless of whether you like or dislike coffee, most of us have visited a Starbucks shop on more than one occasion.....
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Starbucks branches in Hong Kong are now accepting bitcoin payments and are offering 20% off discount for the purchase using the Fold app. This app is a U. S. startup that is affiliated with the Bitcoin Association of Hong Kong. To avail of this, a customer has to visit https://coffee.foldapp.com/ and receive his personal Starbucks code. This will initially show a balance of $0 until it is loaded with bitcoin through the app. It may indicate that the app is untested outside of the U. S. but it is already currently working in Hong Kong. Bitcoin Payments for Coffee. Bitcoin payments loading....
Airbitz, the mobile bitcoin wallet, has integrated Fold, the Starbucks gift card app that accepts bitcoin payments, into its own app. In announcing the Fold offering, Airbitz said it will be helpful for people new to bitcoin and will encourage more consumers to start using bitcoin. The Fold app also allows users to receive discounts at Target and Whole Foods Market. Many bitcoin users already take advantage of the discounts Fold provides for Starbucks gift cards; users get a 20% discount paying with bitcoin. Airbitz Streamlines The Fold Process. Airbitz has further streamlined the process....
It is not the first time there is a connection between Starbucks and digital currency, as users of the Fold App have been able to pay their coffee with Bitcoin for quite some time now. But the major brand is trying to take things one step further, as there is a plan to issue Starbucks digital currency. The so-called Starbucks Rewards “stars’ could become the new official digital currency of this brand in the future, which would be linked to a prepaid debit card. Making Use Of The Starbucks Rewards Stars. Similar to most brands and store chains around the world, Starbucks is rewarding loyal....
Airbitz, a mobile wallet that includes a location-based directory of companies that accept bitcoin, has officially announced a partnership with Fold, which will allow users to purchase Starbucks and Target gift cards at a discount directly inside the wallet. Fold, which was launched in 2013, allowed users to purchase Starbucks cards at a 20 percent discount using bitcoin. While only Starbucks and Target are currently supported, Fold is looking to integrate Whole Foods, CVS, and Home Depot, according to a recent interview with Fold Founder Matt Luongo. "We've also been looking at Walmart,....
Starbucks is not yet accepting bitcoin for purchases. But customers can use bitcoin to load an app and get a 20 percent discount using the app to pay for purchases at many Starbucks stores. The app, foldapp.com, also plans to include purchases at Target and Whole Foods. The ability to use bitcoin to make purchases through apps and gift cards at major retailers takes bitcoin one step closer to mass consumer acceptance. How it works. Starbucks customers are loading bitcoin onto foldapp. Foldapp then transfers the designated amount from the customer's bitcoin wallet to a virtual Starbucks....