Airbitz and Fold Partner to Enable Bitcoin Payments at Starbucks

The latest news from the Bitcoin field is that the mobile wallet app Airbitz has reached a cooperation with Fold, and the Starbucks gift card app can accept Bitcoin to pay bills and deposit the money into their own app. Airbitz said this will be beneficial to new people who are just starting to use Bitcoin and will encourage more consumers to start using Bitcoin.

Many Bitcoin users have already benefited from Fold’s offer for Starbucks gift cards: users can get a 20% discount when paying their bills with Bitcoin. Operationally, Airbitz has further simplified the process, with a buy and sell feature that allows users to integrate the service with their bank accounts, so that gift cards can be purchased directly.

In addition to these offers, the Airbitz app also allows consumers to buy and sell Bitcoin through Glidera, another Bitcoin wallet app.

According to the International Financial Times, in order to implement the cooperation with Fold, Airbitz has developed aprons inspired by Starbucks and will distribute a large number of flyers outside Starbucks stores.

How does the application scenario of Bitcoin payment occur in a physical Starbucks coffee shop?

Starbucks customers can load Bitcoin into the Fold app, then transfer the purchase amount from their Bitcoin wallet to a virtual Starbucks gift card. Next, customers can bring their smartphones to Starbucks and have the barista scan the QR code. Fold will then return the remaining money to the customer's wallet.

Mingxing Xu, founder and CEO of bitcoin startup OKCoin, said that in the field of bitcoin entrepreneurship, there are gold-digging opportunities in the fields of wallets, payments, crowdfunding, bonds, equity, etc. The application scenarios of bitcoin wallets are becoming diversified, and there are more down-to-earth projects. People not only enjoy price discounts, but also experience the convenience brought by bitcoin payments.

Bitcoin is a financial experiment that uses mathematics and computer methods to simulate the characteristics of gold. Currently, there are nearly 10 million Bitcoin users in the world, and the number is still growing. The Bitcoin system provides a possibility to establish a new open payment system. Merchants and consumers only need to support Bitcoin's payment protocol and legal currency wallets to complete payment. Bitcoin is only an open value transmission tool, said Xu Mingxing.