Starbucks chairman Howard Schultz thinks cryptocurrency and blockchain would be big in the future but not Bitcoin

Starbucks chairman thinks cryptocurrency would be big in the future. According to the chairman of Starbucks, Howard Schultz cryptocurrency would be big phenomena in the future. Consumers would use cryptocurrency increasingly in the future. He states that he, however, does not mean that Bitcoin would be big in the future.

According to the chairman of Starbucks, owing to this very reason, they were one of the earliest adopters of payments by smartphone. Similarly, they have been taking advantage of cryptocurrency payments from an earlier era as well. They believe that the trend of consumers using cryptocurrencies would increase even more in the future.

According to him, Bitcoin might not be dominant in the future as the consumers might use other cryptocurrencies. It is not necessary that only Bitcoin would be used by the consumers. He also believes that the consumer behavior is surely going to change pertaining to cryptocurrencies in the future. He believes that only the trusted cryptocurrencies which are using the blockchain technology would persist in the future.

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According to him, the company is also thinking of launching its own cryptocurrency in order to make it easier for the consumers to buy their products as well. It remains to be seen whether the company launches such a cryptocurrency or not and if yes, then when.

As more and more retail-based businesses start accepting cryptocurrencies, you can be sure that the potential of cryptocurrencies as well as the trust in cryptocurrencies would surely increase more. This is one of the main reason why any such news is being taken by the cryptocurrency investors as a huge positive. If indeed, the consumer behavior changes and consumers also start using cryptocurrencies in higher quantities, you can be sure that the value and credibility of cryptocurrencies would go through the roof.

If Bitcoin is not the future, which is the other cryptocurrency which is actually the future

With that being said, at the same point in time, it remains to be seen that if Bitcoin is not the future, which is the other cryptocurrency that is actually the future. Owing to this very reason, it is important to understand the changing trends of the cryptocurrencies space. Only investors who are able to understand the changing trends of the cryptocurrencies pace would be able to invest in them is at early a stage. When they are able to indeed invest in them at early a stage, you can be sure that they would be able to reap rich dividends as well. For now, however, let’s wait it out for the announcement by Starbucks to launch their own cryptocurrency in order to aid their consumers.

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About the author


Adam Web

Adam Webb is editor in Smartereum, blockchain and currency news, where he produces updates on Blockchain, Ethereum and other alternative cryptocurrencies.

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