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The Bank of Starbucks

Summary by BizToc
Connor Tabarrok points out that Starbucks is also a bit of a bank: In 2011, Starbucks rolled out the ability to load money onto a virtual card via their mobile app. purchases made with these pre-loaded dollars earned extra rewards points, which could eventually be redeemed for free drinks.…
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BizToc broke the news in on Wednesday, May 28, 2025.
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