Bitcoin Cash Advocate Roger Ver Says iPayYou Wallet can Buy You Starbucks Already


Can You Really Use Bitcoin to Buy from Starbucks?

Bitcoin.com CEO Roger Ver commented on the recent development concerning Starbucks’ new payment option, which allows customers to purchase coffee and other products using cryptocurrency. Ver tweeted:

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:

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