Bitcoin At SBUX: Starbucks Fans Can Pay For Their Daily Brew With Cryptocurrency

Starbucks (SBUX) fans now have a new way to pay for their daily pick me up as the coffee chain has partnered up with cryptocurrency payment app Bakkt that allows conversion of Bitcoin into U.S. dollars.

While Starbucks doesn’t currently accept Bitcoin directly as a form of payment, it is allowing its customers to reload their Starbucks card with the currency through the Bakkt app to the coffee chain’s app.

Not only will Starbucks customers have the option to convert Bitcoin into U.S. dollars to use for Starbucks purchases by loading it on a Starbucks card saved on the company’s app, but they can also choose to convert rewards, points, frequent flyer miles, and gift cards for money for use at the chain.

“Our teams worked closely together as Bakkt sought input in developing a unique and trusted payment experience that enables customers to unlock the value of their digital assets in the form of U.S. dollars,” Karl Hebert, Starbucks vice president of global card, commerce and payment, said in a statement.

Starbucks has been testing the cryptocurrency app with the developer, which Bakkt said has received more than 500,000 users in its trial program. Bakkt also said it has future partnerships with Best Buy, GolfNow, Choice Hotels, and Fiserv.

“The average consumer holds a wealth of digital assets – from gift cards to loyalty points to bitcoin – but lacks the tools to adequately track and utilize their value,” Bakkt’s CEO, Gavin Michael, said. “We’re thrilled to bring the Bakkt App to the public as a step along our journey to expand digital asset access to all.

The Bakkt app is available for download in the App Store and Google Play Store.

The acceptance of cryptocurrency for payment has grown in popularity by companies in recent months.

In March, Tesla began accepting payment in Bitcoin for its electric vehicles, while earlier this week, PayPal announced that it would begin accepting cryptocurrency for payment for purchases in the U.S.