Starbucks Chairman Big on Cryptocurrency, Just Maybe Not Bitcoin
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Starbucks Corp. Chairman Howard Schultz said he believes digital currency will catch on with consumers, though not necessarily Bitcoin.
Schultz said that Starbucks, an early adopter of smartphone payments, is positioned to take advantage in coming years as cryptocurrency -- and its underlying technology known as blockchain -- become more prevalent among consumers. He’s just not sure that Bitcoin, which was released in 2009 as the first decentralized digital currency, will still be around.