New Starbucks Odyssey loyalty program 'happens to be built on blockchain and web3'

TechCrunch Newsletter
TechCrunch logo
The Daily Crunch logo

By Christine Hall and Haje Jan Kamps

Monday, September 12, 2022

Happy new week, startup nerds!

Tomorrow (Tuesday), we have not one, but two Twitter Live events happening, and we’re excited about both of ’em. At 8:00 a.m. PDT / 11:00 a.m. EDT, we are talking with Andrew Chan about why Gen Z VCs are trash, and at 12:00 p.m. PDT / 3:00 p.m. EDT, we’re talking with M13 partner Anna Barber about what today’s founders can learn from the dot-com bubble bursting.

May your week have all the right kinds of surprises in it!  — Christine and Haje

 image

Image Credits: Starbucks

The TechCrunch Top 3

  • 2001, a Starbucks Odyssey: In August, Starbucks got things percolating with plans for a blockchain-based loyalty program and NFT community. Today, the coffee giant brews up additional excitement, unveiling Starbucks Odyssey. Sarah has more on this steamy, hot cup of rewards.
  • Twitter vs. Elon Musk, part 265: Ivan writes that “the third time is the charm” for Elon Musk’s lawyers, who delivered a third termination notice to Twitter regarding the severance payment made to former security head Peiter “Mudge” Zatko in June, arguing that this action was in violation of Musk’s proposed agreement to acquire the social media giant. Or so they thought. Twitter is denying this breached the agreement.
  • Africa’s hot and heavy fintech sector: Kippa, a Nigerian financial management app for merchants, closed on $8.4 million in new funding. Tage reports that Kippa already has 500,000 merchants using its app since launching last June.

Verify more users. Grow your business.

Sponsored by Persona

Identity isn't one-size-fits-all. Explore how you can grow your business by leveraging customizable identity verification experiences that can help onboard more good users while deterring bad actors.

Learn More

Startups and VC

EV truck company Nikola merged with VectoIQ in a SPAC in June 2020 with a $29 billion valuation. Trevor Milton, ex-CEO of Nikola, starts his fraud trial, which serves as a warning to risk-loving investors who would throw money at a company before it starts delivering products or bringing in revenue, Rebecca reports.

“The reality is that if you’re a Silicon Valley-based venture firm, no LP at your annual meeting is going to ask you, ‘How did you miss company X in Columbus?’ Like, that’s not gonna happen. But they will ask you, ‘How did you miss company Y that was in Silicon Valley?’ They don’t want to miss those things in their backyard,” explained Chris Olsen in a fascinating interview with Connie. Olsen spent six years with Sequoia Capital in California before co-founding Drive Capital in Columbus, Ohio, in 2013.

Tangentially related, for our City Spotlight: Minneapolis last week, Haje hosted a panel discussing What Minneapolis investors are looking for (hint: it’s not just Minnesota startups).

Here’s a few more for ya:

For LatAm payment orchestration startups, market fragmentation is a blessing in disguise

In Latin America, e-commerce is plagued by high fraud rates. Scarcely 20% of adults have a credit card, and many who do aren’t able to use them internationally.

It’s also true that e-commerce is growing faster there than in any other region since the pandemic began. According to one study, online sales in Latin America will generate $379 billion in a 32% year-over-year increase.

“The payments landscape in Latin America seems hopelessly fragmented and riddled with fraud,” says Rocio Wu, a principal at F-Prime Capital.

“However, we believe that fragmentation actually offers a huge opportunity for vertically integrated payments orchestration startups to capture a lot of value.”

(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

Read More

For LatAm payment orchestration startups, market fragmentation is a blessing in disguise image

Image Credits: aolomartinezphotography / Getty Images

Big Tech Inc.

Darrell was following the Blue Origin launch this morning and brought news that the launch was aborted after “a mid-flight anomaly.”

We know you missed getting your Apple news fix over the weekend, so the team, including Zack, Ivan, Sarah and Romain, came together to bring you some stories related to iOS 16. First are five new security and privacy features followed by “nifty” features you don’t want to miss. Then everything you wanted to know about Lock Screen widgets and how downloading iOS 16 will turn your iPhone into a more personal device and finally, the skinny on Apple Passkey.

  • Eyeing India: That’s exactly what Google is planning to do with some of the manufacturing for its Pixel smartphones, Manish writes.
  • What not to leave in your hotel room: Not sure how you can just “find” a Meta Quest Pro prototype, but that’s what a video game streamer in Mexico says happened. Amanda has more.
  • Nope: Can’t say Amazon didn’t try. The e-commerce giant is urging the European Union to accept its offer to end an antitrust probe into its use of third-party data. Natasha L writes that some advocacy groups are calling Amazon’s offer “weak, vague and full of loopholes.”
  • Chocolate, salty balls perhaps?: Move over capsules and K-cups. Coffee balls are here.Find out what Haje had to say about the Swiss-based CoffeeB machine.

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2022 Yahoo. All rights reserved. 110 5th St, San Francisco, CA 94103

Older messages

Max Q - The waiting game

Monday, September 12, 2022

TechCrunch Newsletter TechCrunch logo Max Q logo By Aria Alamalhodaei Monday, September 12, 2022 Hello and welcome back to Max Q. In this issue: An Artemis launch update Rocket Lab and Sierra

What's happening this week at TechCrunch | September 12

Monday, September 12, 2022

Plus more TC events coming up! There's a ton happening at TechCrunch this week but first a quick reminder that Disrupt prices are increasing again this Friday. Come hang out with us in San

The Station - Uber turns to Nuro for AV delivery and Razor charges into the seated scooter market

Sunday, September 11, 2022

TechCrunch Newsletter TechCrunch logo The Transportation logo By Kirsten Korosec Sunday, September 11, 2022 Welcome back to The Station, your central hub for all past, present and future means of

Week in Review - The week an Apple event and YC Demo Day collided

Saturday, September 10, 2022

TechCrunch Newsletter TechCrunch logo Week in Review logo By Greg Kumparak Saturday, September 10, 2022 Happy Saturday, friends. Welcome back to Week in Review, the newsletter where we very quickly sum

Startups Weekly - What 227 Y Combinator pitches will teach you about startups

Saturday, September 10, 2022

TechCrunch Newsletter TechCrunch logo Startups Weekly logo By Natasha Mascarenhas Saturday, September 10, 2022 Welcome to Startups Weekly, a fresh human-first take on this week's startup news and

Why your startup needs a prenup

Friday, October 7, 2022

TechCrunch+ Newsletter TechCrunch+ logo TechCrunch+ Roundup logo By Walter Thompson Friday, October 07, 2022 Welcome to TechCrunch+ Friday Image Credits: skodonnell / Getty Images In the early days of

iOS Dev Weekly - Issue 579

Friday, October 7, 2022

The question of what technologies to use has no definitive answer! 🎲🤷‍♂️ View on the Web Archives ISSUE 579 October 7th 2022 Comment Why do I link to Alexandre Colucci's articles reporting on

Daily Coding Problem: Problem #898 [Easy]

Friday, October 7, 2022

Daily Coding Problem Good morning! Here's your coding interview problem for today. This problem was asked by Amazon. Implement a stack API using only a heap. A stack implements the following

Wireless Apple CarPlay? How to add it to your car

Friday, October 7, 2022

Managers can't agree on who to hire; QuietComfort Earbuds II review -- ZDNET ZDNET Tech Today - US October 7, 2022 placeholder How to add wireless Apple CarPlay to your car Wired connections are a

Issue #457: 3D Diffusion vs GET3D, acid traces, and Tranquility

Friday, October 7, 2022

Weekly newsletter about HTML5 Game Development. Is this email not displaying correctly? View it in your browser. Issue #457 - October 7th 2022 If you have anything you want to share with the HTML5 game

🔎 What PMs should know about Product Marketing

Friday, October 7, 2022

Product Marketing - what product managers should know Do you think all you need to know about product marketing is “it's that stuff those product marketing managers do”? While product marketing may

Ranked | The World’s Most Surveilled Cities 📹

Friday, October 7, 2022

The world's most surveilled cities contain hundreds of thousands of cameras. See where these cities are located in this infographic. View Online | Subscribe Presented by: Special Report Now

Google Is Not Apple, and It Should Stop Trying to Be

Friday, October 7, 2022

Did You Know?: Dale Carnegie, most famous for the book How to Win Friends and Influence People, changed his last name from “Carnagey” to “Carnegie” in honor of the steel magnate, Andrew Carnegie, and

Join TechCrunch Live with Casa Verde Capital and Dutchie

Friday, October 7, 2022

TechCrunch Live - Wed, Oct 12 - 11:30am PDT TechCrunch Live on Oct 12 How Dutchie raised half a billion for cannabis tech Ross Lipson co-founded Dutchie in 2017 and has since led the company to a multi

Prepare your Android Project for Android Gradle plugin 8.0 API changes

Friday, October 7, 2022

View in browser 🔖 Articles Prepare your Android Project for Android Gradle plugin 8.0 API changes This article walks you through transitioning off the Transform APIs, whether you're working on a