Nexo

We’re Giving out 10 BTC in Rewards until the Bitcoin Halving

Learn More
Home » Business » Bakkt Launches Its Bitcoin Payments App

Bakkt Launches Its Bitcoin Payments App

by

Retail investors can use the app to manage their Bitcoin or retail reward points.

Bakkt Launches Its Bitcoin Payments App
Shutterstock photo by Ascannio

Key Takeaways

  • Bakkt is opening its payments app to the general public.
  • The firm intends to unlock $1.2 trillion of digital assets, including Bitcoin and points from more than 75 brands.
  • Bakkt is also giving away $1 million as a promotional offer.

Share this article

Bakkt has launched its official payments app, allowing users to buy, sell, and spend Bitcoin and other digital assets.

Bakkt App Available to All

Though Bakkt ran an Early Access Program last year, this is the first time that its app is available to general users.

The app allows users to manage Bitcoin as well as other digital assets like store reward points and cash balances. Users can also purchase discounted gift cards from more than 75 brands.

This is the second major product from Bakkt, which also operates a futures trading platform and custodial solution for institutional investors. The app, however, is aimed at retail users.

Bakkt says that it aims to help users “unlock the value of $1.2 trillion in digital assets” that are currently in circulation.

Brand Partnerships and Incentives

Bakkt is launching the app in partnership with several major brands. With Best Buy, Choice Hotels, Fiserve, and GolfNow, it is offering special deals and ways to manage reward points.

Bakkt has also attracted attention for its attempts to help Starbucks accept Bitcoin. The state of that partnership is still unclear. However, the app will allow users to manage their Starbucks Card balance, according to Bakkt’s latest press release on the launch of its app.

In order to encourage users to download the app, Bakkt is also giving away $1 million as a promotional offer.

The news comes just days after news that PayPal is allowing users to spend Bitcoin through its app. Visa and Mastercard have also reported plans to offer crypto spending features.

At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.