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Investors may want to mark their calendars on Sept. 30 and Nov. 5 for potential spike in Bitcoin’s value because wider acceptance of BTC could be on the line.
On Sept. 30, the Securities and Exchange Commission (SEC) will rule on whether to approve the VanEck SolidX Bitcoin Trust Exchange Traded Fund (ETF). (Here’s their application.) This year, the U.S. financial regulator disapproved prior ETF applicants but there’s mounting pressure from Corporate America to bring cryptocurrency to the masses.
New York Stock Exchange operator Intercontinental Exchange (ICE) has revealed it plans to launch a global digital asset platform in November as a “scalable on-ramp” for investors.
ICE To Build ‘Scalable On-Ramp’
“Bakkt is designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security and utility,” Kelly Loeffler, CEO of Bakkt explained.
Howard Schultz, Starbucks Corporation’s current Executive Chairman and former CEO, said that the company sees potential in blockchain technologies and some cryptocurrencies.
Starbucks Wants To Go Cashless Without Bitcoin
Starbucks has been a leader in the adoption of promising technologies, such as mobile payment features, and is set to continue the trend with a venture into cryptocurrencies and blockchain. As excitement builds around cryptocurrencies and their underlying technology, known as blockchain, Starbucks aims to take full advantage.
Creating a people for the everyday consumer to start spending Bitcoin on a daily basis is not an easy task. Such efforts will always start out in a very localised market and Fold is one of the few applications managing to use Bitcoin to pay at a major store – Starbucks. Now Fold is looking to expand their business imminently in the US.
Fold & Starbucks – The Story So Far
Bitcoin enthusiasts in the United States and Hong Kong rejoiced at the news when Fold announced it would be possible to spend BTC at any Starbucks location accepting USD currency. To make the offer itself even better, Fold users would receive a 20% discount on every purchase for the entire duration of this “trial” period.
We have been asked a lot of questions by non crypto users about Bitcoin and what you can do with it. Some people we spoke to referred to it as “useless fictitious monopoly money”. When we asked how some of these people came to that conclusion or where they got the evidence to back up their claims they are usually silent.
In the rare occasions where we did get a response it is usually along the lines of citing biased sources, like bank officials ( yes trusting a bank is the really smart) or other self proclaimed “experts” in the financial sector ( who fail to grasp the elementary workings of Bitcoin).
Some more news has been provided by the SYNC developers in regards to their programs. Users can now sign up for the Loyalty Rewards program, people are confirming receiving their air miles via SYNC Whales, and much much more!
The SYNC Loyalty Rewards program has been launched, which you can find here. So far, there are three programs up there : SYNC Miles, Incircle and Starbucks rewards. I like the StarBucks one as that is the only one I might be able to use here in Belgium by the looks of it.