, Columnist
Bitcoin at Starbucks Is More Meme Than Money
The ability to trade cryptocurrency for coffee is no justification for market froth.
Can I have a venti with that?
Source: Bloomberg
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It’s not often you hear someone brag about buying coffee with “money” — unless you’re moving among Bitcoin circles.
Being able to use the cryptocurrency at chains like Starbucks Corp. and Pizza Hut is being touted as a payments revolution by the looks of various selfies and videos coming out of El Salvador. President Nayib Bukele established Bitcoin as legal tender in the country (alongside the U.S. dollar) in September as a bid to lure digital wealth.