[Starbucks together with Intercontinental Exchange (ICE), Microsoft and BCG, is planning to launch a new platform named Bakkt by November that will allow consumers to trade, purchase, store and spend digital currencies on the global network. The platform is said to convert Bitcoin and other cryptocurrencies into U.S. dollars which user can use to purchase any of the items at Starbucks.
The CEO and founder of Intercontinental Exchange (ICE), Jeffrey C. Sprecher quoted with regards to the launch of Bakkt:
In bringing regulated, connected infrastructure together with institutional and consumer applications for digital assets, we aim to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously