Why Starbucks is Actually a Bank
1,206,793
Published 2021-01-26
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Special thanks to this blog post which inspired this video and didn't want to just toss in the long list of other sources: jpkoning.blogspot.com/2019/08/starbucks-monetary-s…
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Music by Graham Haerther (www.Haerther.net/)
Audio editing by Eric Schneider
Motion graphics by Vincent de Langen
Everything else by Evan
This includes a paid sponsorship which had no part in the writing, editing, or production of the rest of the video.
Music by Epidemic Sound: epidemicsound.com/
Video supplied by Getty Images
All Comments (21)
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9:02 They even have a perfect name for that currency: Starbucks.
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"McDonald's is a real estate company" "Starbucks is a bank" Next: why harvard is a wealth management company
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i'm a starbucks barista in a ritsy area, and customers will straight up keep hundreds of dollars loaded on their starbucks app. i'm shocked every time, like, it's a power move.
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Small town friendliness is the last thing I think of, when thinking of the typical Starbucks barista.
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Polymatter: McDonald's is a landlord, Starbucks is a bank Calling it, Spotify is a private military contractor
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This channel makes me second guess all my knowledge. What next, McDonald’s is a real estate company? 😂
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"why starbucks is actually a bank" video starts at 7:02
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The genius of naming it “Star” “Bucks” now has a whole new meaning... future digital currency...
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next video: Target is Really an Adult Daycare
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Now you can tell bank robbers “Sir, this is a Starbucks”
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"it's sorta liquid, not just because you can convert it to coffee.' -niiiiice
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I’m not a financial mogul or anything, so watching this makes me that much prouder that I figured out Starbucks had become a bank back in 2015.
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it aint a polymatter video without china being somewhere in it 5:24 🗿
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"McDonald's is a real estate company" "Starbucks is a bank" "Chili's is a front for the Chinese mafia"
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7 minutes until they actually talk about why Starbucks is a bank. This could have been a 3 minute video.
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Starts at 7:05 (if you don't want to waste your time)
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short answer: customers put lots of $ in their starbucks card before they even make a purchase, which is the "bank" dat starbucks is getting $ from
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This video was like a magic trick. At first I was like “how can they be a bank that makes no sense.” Then I had kinda forgotten about the bank premise once we were deep into the history of Starbucks, and by the time he mentioned the Starbucks card I was thinking of this as more of a Company Man video. Like “oh cool so that concept helped save the company.” Then BOOM he hits us with the Largest Banks graph from earlier in the video and I was like “WOAH THEY’RE A FUCKING BANK HOLY SHIT”
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Polymatter: Not everyone should code Also Polymatter: Everyone should learn computer science at brilliant
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09:50 "an unregulated bank" -- yep, any outlet from which you buy gift certs or make use of a top-up account (amazon comes to mind) is doing exactly this. And the breakage definitely makes it worthwhile. Also, should the company go out of business, it would most likely take a class action lawsuit to get the money back, as card holders are not considered "creditors".
