Bitcoin Cash Advocate Roger Ver Says iPayYou Wallet can Buy You Starbucks Already
Can You Really Use Bitcoin to Buy from Starbucks?
— Roger Ver (@rogerkver) August 6, 2018
The iPayYouWallet launched as a Bitcoin wallet in 2016 and those who use the wallet can purchase gift cards with BTC or BCH. The gift cards can then be redeemed at one’s favorite stores such as Amazon, Starbucks, eBay, Safeway, iTunes, and Best Buy. It should be noted though that users cannot purchase with Bitcoin directly through their wallet.
The opportunity to pay at Starbucks and other locations comes right after ICE partnered with Starbucks. The partnership purportedly has caused the value of BTC to increase as well.
Another consequence of the news is that many news sources have been claiming that Starbucks will be accepting Bitcoin as a form of payment for coffee. However, the correct interpretation of the move is that customers will be able to convert their BTC to fiat and then purchase from the chain.
A few Twitter-goers who commented on the news stated:
No, you can't buy coffee with that site's “wallet”. You can buy a fiat based gift card and then buy coffee with the gift card, but you are not buying coffee with BCH or BTC through that service.
— Brad Nickel [Not giving away ETH or any coins!] (@clickbrain) August 6, 2018
Big companies will soon and that begins with Starbucks taking BTC after last week's ann. That is why Roger tweeted… "we have that too".
Crypto to fiat harms merchants. You don't get them on crypto with 2.9% fees. The 1 good thing is they see people spending crypto though.
— ₿rad Nickel 🧢☂️ 🇺🇸 (@b05crypto) August 6, 2018
Valid point! We are working on a solution to this problem as we speak!
— iPayYou.io (@iPayYouWallet) August 7, 2018
I was buying Starbucks gyft cards long before you created BitcoinTrash…. is this tweet supposed to be impressive or something?
— CointraderGuy (@CointraderGuy) August 6, 2018
um, looks like you can use iPayYouWallet with Bitcoin too? you make it sound like you can only use it with Bitcoin Cash
— Mark 🚀 (@markshust) August 6, 2018