Bitcoin Mass Adoption: Amazon-Owned Whole Foods And Starbucks Take Bitcoin (BTC) Via In-Store Scanners; Gemini Does The Back-End
It seems that the crypto market is in the middle of an explosion with Bakkt revealing crucial updates and more.
Now, it also looks like we’re heading towards mainstream, adoption for sure, just how the crypto experts have been predicting all year.
The bulls are back, and crypto adoption is also flourishing.
Massive retailers start accepting Bitcoin
A new initiative was announced today, according to Fortune. Big name retailers including Amazon-owned Whole Foods are now accepting Bitcoin and other digital assets.
“The retail initiative comes via a partnership between Flexa, a payments startup, and Gemini, the Winklevoss-owned digital currency company. It works by piggy-backing on the digital scanners that many big retailers use to accept phone-based payments from their apps and from digital wallets like Apple Pay,” Fortune’s Jeff John Roberts writes.
The author also posted on Twitter the massive adoption-related news and confirms it after trying out the new feature during the past weekend.
He said that even if retailers have been low key on the matter, he tried it and it worked. You can check out his tweet below.
Crypto breakthrough: Whole Foods, Starbucks et al now take Bitcoin via in-store scanners with @Gemini doing the back-end.
— Jeff Roberts (@jeffjohnroberts) May 13, 2019
He also mentioned the fact that Gemini’s Winklevoss twins are people with huge credibility in the crypto space and this is important to mention.
Things are working just as advertised, and the twins are buying coffee at Starbucks using crypto.
Tyler and Cameron Winklevoss are buying a coffee at Starbucks using a cryptocurrency they invented. But that's just the beginning of this story, with Nordstrom and Whole Foods now officially accepting bitcoin, ethereum and more: https://t.co/uaRnnfl2Dz via @ForbesCrypto @Forbes pic.twitter.com/V95RMv6f6x
— Michael del Castillo (@DelRayMan) May 13, 2019
The news is definitely enormous, and it shows that the crypto space is racing towards adoption.
Bakkt brings a massive update
As we already reported, Bakkt updates crypto enthusiasts on both Twitter and Medium on the launch of Bitcoin futures contracts developed in collaboration with ICE Futures U.S. and ICE Clear US.
Bitcoin is trading in the green on CoinMarketCap, and the most important digital asset is priced at $7,453.79. Massive bulls are expected to hit the market, so stay with your eyes on the prices.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.