Qtum might be partnering with Starbucks

Admin of the official Telegram Channel of Qtum cryptocurrency texted about the upcoming Qtum and Starbucks partnership, but no official statements were made yet
16 January 2018   1066

Qtum, a decentralized blockchain application platform capable of running Smart Contracts on multiple virtual machines, with Proof-of-Stake consensus, is supposedly partnering with Starbucks Corporation, an American coffee company and coffeehouse chain.

The message regarding the partnership was spotted by users of the official Qtum Telegram Channel, when the admin of the channel under the nickname QTUM-Mike confirmed that Qtum had a partnership with Starbucks, and more detalis would be coming soon.

Qtum and starbucks statement TelegramQtum and Starbucks statement in Telegram Channel

Nevertheless, no official statements regarding Starbucks partnership were made on Qtum website, or in its Twitter or Facebook accounts yet. As the users of Reddit.com and other forums suppose, Qtum will be working with Starbucks Korea division to launch a blockchain project, as it is useful for businesses like Starbucks to adapt such innovative technology. 

At the moment of press, these are main market parameters of Qtum:

  • Average price: $40,55
  • Marketcap: $2 992 710 791
  • 24h volume: $1 116 330 000

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   39

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.