A test case for mainstreaming cryptocurrency is coming to a local coffee chain in Washington, D.C., as coffee brand Compass Coffee partners with crypto exchange Coinbase.
A test case for mainstreaming cryptocurrency is coming to a local coffee chain in the nation’s capital, FOX Business has learned. Compass Coffee, a veteran-owned coffee brand with sixteen stores in the D.C. area, is partnering with the U.S.’s largest crypto exchange, Coinbase, to offer customers the option to pay for their morning brew with USDC, a so-called "stablecoin," a form of cryptocurrency that works like a digital dollar.
major roadblock to the normalizing of digital assets as a form of payment has been their applicability on Main Street. Besides a handful of large companies like Starbucks, Subway and AMC Theaters recently accepting payments in bitcoin and ether, many U.S. businesses do not accept crypto remittances, particularly small mom-and-pop stores.
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