Interesting Partnership From Popular Altcoin: This Is Starbucks’ Choice!

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  • American coffee shop chain Starbucks opted for a popular altcoin to make its Web3 program a reality.

Popular American chain of coffee shops, blockchain solution to bring Web3 program “Starbucks Odyssey” to life Polygon (MATIC) cooperates with.

As the blockchain industry has seen a huge increase in adoption rate, it has quickly entered the daily life of the average individual. After seeing use cases, institutions became more interested in blockchain and Web3, and American coffee shop chain Starbucks was one of the last companies to jump on the crypto train.

Starbucks’ adoption of Web3 was made possible by partnering with Ethereum blockchain scaling platform Polygon. Polygon announced the news in an official blog post in a tweet on Monday. Polygon said on its official Twitter account:

“Guess what’s going on? Starbucks introduced the Starbucks Odyssey on Polygon! A unique adventure that lets you earn and buy digital collectible stamps and unlock new, coveted coffee experiences.”

Polygon stated in a tweet that the Odyssey initiative will allow users to earn digital collectibles as rewards. Additionally, users who wish to purchase these digital collectibles will also have the opportunity to do so.

“An excellent foundation for our first digital community”

The official blog post shared by Polygon provided more details on Starbucks’ newly revealed venture. According to the post, the Starbucks Odyssey initiative will make the already established Starbucks Rewards loyalty program even more exciting.

Through Odyssey, loyalty program members will be able to purchase and earn digital collectibles as NFTs. Starbucks employees in the United States will be given the same opportunity as members of the Starbucks loyalty program.

As a result of the partnership, the program will be supported by Polygon. Polygon noted that since the invitation will be sent out later this year, interested parties can join the waiting list starting today.

“Building the Starbucks Odyssey using technology aligned with our sustainability goals and commitments is our top priority,” said Ryan Butz, Vice President of Loyalty, Strategy and Marketing at Starbucks.

“We took a very careful and comprehensive approach when deciding which blockchain to use. Polygon’s fast, low-cost and carbon-neutral network is the perfect foundation for our first digital community.”

Also, speaking about the development, Polygon Co-Founder Sandeep Nailwal highlighted the common interests of Polygon and Starbucks as the primary reason for the chain company’s choice of blockchain firm. Nailwal commented, “…both companies place great emphasis on diversity, accessibility and sustainability.”

Released in 2017, Polygon is a layer-2 solution built on the Ethereum blockchain. Polygon aims to assist Ethereum with its requirements in terms of scalability. Since its inception, the blockchain solution has expanded significantly to become the preferred choice for enterprise blockchain adoption.

Last month, Polygon announced its partnership with the Partia Blockchain Foundation. The Foundation has announced that Mainnet V3 has been successfully integrated into Polygon.

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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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