Thanks to Google Pay, Bakkt users can pay with cryptocurrencies in a variety of shops and online markets.
There is good news for customers who have a debit card issued by the Bakkt cryptocurrency exchange. Because you can now convert your crypto credit into payments with Google Pay. Due to the millions of customers and the worldwide acceptance of Google Pay, this cooperation certainly holds enormous potential for Bakkt.
In a Announcement last Friday, October 8th, Bakkt stated that its customers would be able to purchase goods and services using Bitcoin (BTC) and other cryptocurrencies through the Google Pay wallet and payment system. In addition, Exchange plans to develop new analytics and geolocation capabilities on its platform using Google Cloud Tools.
Bakkt partners receive insightful data
The exchange hopes these features will expand the options for redeeming loyalty funds. In addition, the partner companies could receive valuable information about customer behavior.
This partnership is testament to Bakkt’s strong position in the digital asset market. Together we enable consumers to use their digital assets in real time and in a safe and reliable way
said Gavin Michael, CEO of Bakkt.
Bakkt was launched in 2018 by the Intercontinental Exchange. Initially, they only had BTC futures contracts for accredited investors on offer. In March, the platform released a payment app that allows users to use cryptocurrencies for their purchases. It was possible to win many large retail companies as partners.