Starbucks announces NFT experience: Nifty Newsletter, Sept. 7–13
Sony Music is preparing to venture into NFTs as the firm filed trademark applications for audio and video recordings. In this week’s newsletter, read about how Sony Music Entertainment is preparing to venture into nonfungible tokens (NFTs). Check out how car manufacturer Ford is on the way to entering the Metaverse and how coffee chain Starbucks plans to launch NFT rewards through a program called Starbucks Odyssey. In other news, learn about how the Japanese government used NFTs to reward public servants who excelled in using digital technology to provide local solutions. And, don’t....
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On September 12, the multinational chain of coffeehouses, Starbucks, announced the firm has partnered with the blockchain project Polygon and unveiled the company’s Web3 technology called Starbucks Odyssey. The Web3 platform Starbucks Odyssey will provide Starbucks rewards members and the company’s U.S. employees with the opportunity to earn non-fungible token (NFT) assets. Coffeehouse Company Announces Web3 Platform Starbucks Odyssey Starbucks has immersed its feet into blockchain, Web3, and NFT technology by revealing a new Web3 application powered by Polygon. “[The]....
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....
The nonfungible tokens, or NFTs, are minted on a proof-of-stake blockchain built by Polygon. According to a new post on Monday, Starbucks says it will offer its U.S. members the ability to earn and buy digital collectible stamps in the form of nonfungible tokens, or NFTs. Dubbed "Starbucks Odyssey," each collectible digital stamp has its ownership verified on the blockchain and will include a point value based on its rarity. As more stamps are collected, members' points will increase, unlocking access to unique experiences. The iconic coffee chain says that rewards range from receiving a....
US Bitcoin payment gateway iPayYou has announced direct Starbucks integration for Bitcoin users. Customers using the Starbucks mobile app can now use iPayYou to purchase items directly using Bitcoin with the automated conversion of funds to USD. The tool, dubbed ‘Bitcoin Direct to Starbucks,’ is an extension of the startup’s Black Friday release of Starbucks gift cards for Bitcoin, along with gift cards for other major retailers. CEO: Starbucks integration ‘no-brainer’. IPayYou Founder and CEO Gene Kavner said in a press release: “Integrating with Starbucks was a no-brainer, as the company....
Bitcoin Tips @ Starbucks in Torrance #bitcoin pic.twitter.com/alGm59C58a. - Bit (@BitVenice) January 7, 2014. Here's an interesting tweet I stumbled upon. Seems that there's a Starbucks in Torrance, California that accepts Bitcoin tips. Whether or not the store accepts Bitcoin for the actual purchase is unknown, but it's unlikely since that would probably have to be approved by Starbucks' corporate headquarters. Regardless, it's pretty cool, and it's great to see more places accepting Bitcoin, especially such well-known places like Starbucks.