1️ Starbucks, Nordstrom And Whole Foods Now Accept Bitcoin
According to Forbes, the Winklevoss brothers recently bought coffee at the Starbucks store with a Gemini Dollar (GUSD) payment. The Spedn app developed by Flexa, which is a cryptocurrency payment system, was used for the payment, and the app supports BTC, ETH, LTC, BCH and GUSD settlement. This means that Starbucks, the largest café in the world, actually started supporting cryptocurrency payment.
Companies now officially accepting these cryptocurrencies, according to Flexa, are Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate & Barrel, Express, GameStop, Jamba Juice, Lowe’s, Nordstrom, Office Depot & OfficeMax, Petco, Regal Cinemas, Ulta Beauty and Amazon-owned Whole Foods Market. And of course, there's Starbucks, in spite of not being part of the official launch. In total, nearly 100 stores are expected to start accepting bitcoin and the other cryptocurrencies via the Spedn app by the end of this year.
2️ German State Announces Plan To Establish European Blockchain Institute
The government of the German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology in a press release on May 13.According to NRW Economics Minister Andreas Pinkwart, the European Blockchain Institute will be founded in the city of Dortmund later this year, inside the Fraunhofer Institute for Material Flow and Logistics (IML).
3️ CoinGecko's "Trust Score" To Combat Fake Trading Volume
In the wake of several cryptocurrency exchanges misreporting a lot of metrics, market data aggregator, CoinGecko, has decided to take a stand against this fudging of numbers. Announced on May 13, CoinGecko"s "Trust Score" will move from relying on exchange's reported trading volume to a more wholesome approach including the likes of web traffic and order-book data. Bobby Ong, Co-founder of the crypto-market aggregator, stated in a post that the "Trust Score" will aim to "combat fake exchange volume data."