Home Guides Polygon Labs Paid $4M to Host Starbucks’ Failed Foray Into Crypto: Sources

Polygon Labs Paid $4M to Host Starbucks’ Failed Foray Into Crypto: Sources

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Polygon Labs Paid $4M to Host Starbucks’ Failed Foray Into Crypto: Sources

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Polygon Labs paid $4 million to the coffee giant in 2022 as part of their deal to build and host a blockchain-based loyalty program, Starbucks Odyssey, on the Polygon network, according to two people familiar with the matter. The payout ended a competitive hunt by proponents of at least three blockchain ecosystems who wanted to partner with Starbucks, a third person said.

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