Want to buy a cup of Starbucks with Bitcoin? iPayYou helps you do it

iPayYou, a US Bitcoin payment gateway, recently announced that Bitcoin users can now purchase Starbucks products directly with the digital currency.

Users can connect to iPayYou directly through the Starbucks mobile app to make Bitcoin purchases, and the Bitcoin paid out can be instantly converted into US dollars.

The payment tool, called Bitcoin Direct to Starbucks, is another innovation of the startup since it released Bitcoin gift cards from Starbucks and other major suppliers on Black Friday.

It’s only a matter of time before Starbucks Pay is integrated

Gene Kavner, founder and CEO of IPayYou, said in an interview:

It was only a matter of time before (our payment gateway) integrated Starbucks payment, because Starbucks has more than 24,000 stores and more than 1 million users use its mobile app to place orders and pay every month.

Using Bitcoin to buy Starbucks coffee is by no means a new concept. As early as 2014, relevant organizations tried to promote and promote the concept of Bitcoin among hipsters and office workers, and many new products, including Gyft, were also launched at the time.

While coffee consumables have always played second fiddle to Bitcoin adoption, competition in this area has been fierce, with much of the competition focused on ease of use and simplicity.

Instead of having to make a large purchase of gift cards or any other one-time payment, IPayYou users only need to transfer a certain amount of Bitcoin, which is then automatically converted into U.S. dollars and deposited into the user's Starbucks app balance.

Kavner continued:

Once you initiate a trade, your funds will be settled within seconds.

We want everyone to own Bitcoin; our goal is to create a future where Bitcoin is everywhere. The best way to achieve this is to make this currency part of consumers' daily lives.

American Consumers Choose Bitcoin

When it comes to using cryptocurrency to purchase consumer goods, the United States is an important market that cannot be ignored. Although specific data is difficult to verify, some clues can be seen from the policy performance of companies related to the cryptocurrency field. For example, Purse.io recently announced that the United States is the main market for its Amazon discount service.

Kavner himself was a former Amazon executive. Since its official establishment this year, iPayYou has gradually gained a foothold in this highly competitive market.