Starbucks' Chairman Howard Schultz Talks about Cryptocurrencies
Despite the criticism, warnings and risks that have been associated to the cryptocurrency market, investors have still not lost their faith in digital currencies. Even more so, more people are showing interest in the cryptocurrency market.
Now the Chairman of Starbucks has decided to talk about the cryptocurrency market. Starbucks' Chairman, Howard Schultz, does not seem to be a great supporter of the cryptocurrency market. Schultz started talking about the cryptocurrency market after a question during a company earnings call, according to Fortune.
Starbucks will not launch a cryptocurrency
An interesting thing that Schultz clarified during this talk was that Starbucks, unlike other companies, is not interested in creating a cryptocurrency. The company is also not going to invest in crypto assets. He said:
Schultz concluded that working with cryptocurrencies is not something that is in the company’s model for the moment, so there is no need for people to ask too many questions related to this subject.
Some retailers have started adopting cryptocurrencies, this happening mostly in Japan for the moment. It is not clear if Starbucks might be making such a move in the near future.