Starbucks Isn’t Accepting Bitcoin yet, but Other Coffee Shops Are Already on the Crypto Bandwagon

Bitcoin, Cryptocurrencies, News

Starbucks Isn't Accepting Bitcoin yet, but Other Coffee Shops Are Already on the Crypto BandwagonDespite widespread news to the contrary, Crypto Disrupt today published an article confirming that coffee giants Starbucks isn’t accepting bitcoin just yet.

Although Starbucks has rubbished the rumors being fuelled by certain media sources as being exaggerated, it’s perhaps worth pointing out that they aren’t the first coffee specialists to consider going down the route of accepting cryptocurrency as payment.

Operating outside the box

As with most things in life, while the large companies can appear somewhat hesitant to get on board, the independent enterprise is less afraid of operating outside the box, so to speak.

Paralelní Polis’s Bitcoin Coffee is one such outlet, operating in the suburb of Holešovice, Poland and founded by an ethical hacker collective known as Ztohoven.

Starbucks Isn't Accepting Bitcoin yet, but Other Coffee Shops Are Already on the Crypto Bandwagon
Paralelní Polis’s Bitcoin Coffee, Holešovice, Poland

While Starbucks isn’t accepting bitcoin, Paralelní Polis’s Bitcoin Coffee is the polar opposite in only accepting bitcoin.

Fiat currency can be used but must be exchanged in a converter machine and either placed into an app or loaded onto a plastic card.

Barista Alžběta Svobodová has even taken the step of having a chip implanted in her wrist, so she’s never without access to her virtual wallet.

“We want to introduce Bitcoin to people from the street,” she said. “The cafe is a tool to do that.”

On Aungier Street, in the heart of Dublin, Ireland, you will find the Crypto Café.

Starbucks Isn't Accepting Bitcoin yet, but Other Coffee Shops Are Already on the Crypto Bandwagon
The Crypto Café, Dublin

Owned by former crypto investor Nash Basel, the Crypto Café is the result of his investment run with bitcoin, which came to an end in January when he cashed out before the slump.

“I got a bit lucky” he comments, looking back on his decision to sell up when he did.

Commenting on the unique appeal of his crypto coffee shop, Nash said –

“When you’re winning [on cryptocurrency investments] you’re spending, as the coffee might be less than €1 at the time; but if you’re losing 50 percent, the coffee might cost you €6.”

He firmly believes cryptocurrency is here to stay, claiming that “It definitely will be a standard currency; it’s gotten too big already to ignore.”

Last but not least in our look at crypto coffee outlets is Cocohub in Birgu, Malta.

Starbucks Isn't Accepting Bitcoin yet, but Other Coffee Shops Are Already on the Crypto Bandwagon
Cocohub, Malta

Malta is already considered a blockchain hub of sorts and enjoys the nickname “blockchain island,” so a bitcoin bar should come as no real surprise.

Guests can use bitcoin to buy coffee as well as other drinks in the co-living and co-working space that doubles as a bar and cryptocurrency discussion hub, with regular experts appearing for panel discussions.

So, while Starbucks isn’t accepting bitcoin yet, there are other options out there for coffee lovers with a crypto wallet.

You just need to be prepared to look beyond the high street giants for smaller, more innovative enterprises.

Lover of all things crypto, blockchain and AI, professional tech scribe & part of the editorial team at Crypto Disrupt.

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