Coffee retailer Starbucks is teaming up with one of the world’s biggest exchange operators, Intercontinental Exchange Inc. (ICE), which just created a venture called Bakkt designed to more tightly integrate digital currencies into global commerce, Bloomberg reported. Bitcoin is not widely used to buy and sell actual goods in most countries. But many startups have sought to take cryptocurrencies mainstream by developing exchanges or payment solutions for merchants. Bakkt is designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security and utility. Starbucks and Microsoft are joining the effort to help consumers and institutions buy, sell, store and spend digital assets. The companies haven't provided a timetable. Read the full article on CU Today.
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