Starbucks Executive Sees Future in Blockchain for Coffee Houses

Wednesday, February 28, 2018

Starbucks coffee chain looks to adopt blockchain technology in the future according Group chairman, Howard Shultz.

Schultz discussed the use of blockchain technology during a news segment on Fox TV in the US, where he was questioned if the Group would consider blockchain technology as a method of payment in the future. Schultz responded by stating “probably".

Schultz continued: "I think blockchain technology is probably the rails in which an integrated app at Starbucks will be sitting on top of.”

“I believe that we are heading into a new age, in which blockchain technology is going to provide a significant level of a digital currency that is going to have a consumer application,” he said.