The Tell: A trusted digital currency is coming, but it’s not bitcoin, says Starbucks’ Howard Schultz

The dollar has been getting left out in the cold by traders lately.

Who needs all those Benjamins anyway?

Soon you might not need dollars to pay for your morning coffee, according to Starbucks’ SBUX, -4.23% Howard Schultz.

“I don’t believe that bitcoin BTCUSD, -6.35% is going to be a currency today or in the future,” the coffee chain’s executive chairman and former CEO said late Thursday during an earnings conference call (as the company’s sales slightly missed forecasts).

But don’t scrawl “Luddite” on his paper cup.

“I personally believe that there is going to be one or a few legitimate, trusted digital currencies off of the blockchain technology,” Schultz said, according to FactSet’s transcript and recording for the conference call.

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