Digital Property Story with DaFIN — Part 1

DaFIN
2 min readFeb 25, 2021

Can I buy coffee with Bitcoin at Starbucks?

Hello, we are DaFIN, a digital asset fin-tech company.

On May 22, 2010, Laszlo Hanyecz, lives in Florida, U.S., ordered two pizzas for the first time using 10,000 Bitcoin and posted a picture of eating deliciously with daughter. This is the first real deal using Bitcoin.

Now (10 years later), we have been trading in real life at several retail stores with Bitcoin, but there is news that coffee with Bitcoin at Starbucks, the world’s largest coffee shop, is approaching.

These days, domestic and foreign financial companies are too used to giving special lectures on Starbucks, which has emerged as the world’s largest fin-tech company.

In the U.S. alone, more than 25 million members use a siren order that allows them to receive the product they ordered, saying, “The coffee you ordered is here.” This siren order is available only when the user charges cash.

The amount deposited in this siren order is not known exactly, estimates about $2 billion.

The day when Starbucks, which operates these funds, meets digital assets, soon came out.

After launching Bakkt, a subsidiary of ICE (Intercontinental Exchange), the world’s largest stock exchange group, said “Bakkt is an open platform that encompasses digital assets and will be a cryptocurrency payment solution for retailers.”

Eventually, it aims to make digital assets such as Bitcoin available to the public, and recently, Bakkt announced that Starbucks will launch an application in the first half of next year that ordinary consumers can pay for digital assets.

Starbucks is meaningful in building a global network through digital assets through Bakkt.

“It will play a pivotal role in developing practical, reliable and regulated apps for consumers to exchange their digital assets into U.S. dollars,” said Maria Smith, vice president of payments at Starbucks.

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