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September 8, 2020 04:50 pm GMT
Original Link: https://boingboing.net/2020/09/08/how-starbucks-borrows-money-fr.html
How Starbucks borrows money from its customers at a negative 10% interest rate
This essay from Moneyness by JP Koning is from 2019, but I just came across it. It's about Starbucks stored value accounts, which come in the form of physical cards but also as smartphone and smartwatch apps. In 2019 customers were holding about $1.6 billion in stored value.Original Link: https://boingboing.net/2020/09/08/how-starbucks-borrows-money-fr.html
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