Bakkt launches payments app as institutions compete for crypto assets Bakkt believes its new crypto payments app will unlock more than $1 trillion worth of digital assets for commerce. 5563 Total views News
Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public.
Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is the firm’s first retail-facing crypto initiative.
Bakkt’s app was trialed by 500,000 users invited to participate in its Early Access Program in late 2020. The firm is also conducting a $1 million giveaway to encourage people to download the platform.
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