September 20, 2020

Bakkt and Starbucks to release cryptocurrency payment app

Bakkt and Starbucks to release cryptocurrency payment app

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Bakkt plans to release Bitcoin futures platform A new application for making payments in cryptocurrencies.

Bakkt Product Director Mike Blandina this Monday said:

“We will launch a consumer application toReveal the value of digital assets, as well as new ways to transfer and track them. Outlets will gain access to a wider range of customers with increased purchasing power. ”

Blandina admitted that support for cryptocurrencies in the company's new application may not be limited to just bitcoin, for which it currently offers futures contracts.

“A key feature of our modelis to support an expanded set of digital assets, including cryptocurrencies, with the same level of convenience that investors use when trading securities through retail brokers accounts ”- he added.

Together with the announcement of the Bitcoin futures platform inOn August 2018, Bakkt announced a partnership with Starbucks and other retailers. According to today's announcement, Starbucks will be Bakkt's first partner in a new application, which is scheduled to launch in the first half of 2020.

“I am convinced that with the growth of integration andThe effectiveness of digital wallets, transaction processing and payment acceptance creates significant opportunities for direct interaction of outlets with consumers using digital assets. It is often said that digital assets will succeed when consumers don’t have to think about the underlying technology. ”, Said the Bakkt product director.

Bakkt previously announced a plan to launch bitcoin options.

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