Saturday, November 6, 2021

The BTC company Bakkt offers Ethereum to its customers

The BTC company Bakkt offers Ethereum to its customers

The BTC company Bakkt will soon start offering Ethereum to its customers, while it currently only trades in Bitcoin. So read more on our latest Ethereum news today.

The cryptocurrency platform Bakkt has announced that it will soon be offering Ethereum to its customers. It was launched in 2018 by the Intercontinental Exchange as the parent company of the New York Stock Exchange and currently only trades in Bitcoin. The US company offers a variety of services, including a BTC futures trading service, as well as a mobile app that allows users to spend their BTC in stores. However, Bakkt’s offerings will soon include Ethereum as the second largest cryptocurrency by market capitalization. Its CEO Gavin Michael said:

“Providing flexible ways for users to enjoy their digital assets is an important issue at Bakkt, and the addition of Ethereum brings a growing and popular cryptocurrency to the world. Our list.”

Users can buy and sell Ethereum, but they can also send it to contacts using the app alone, and even spend money in a store using a Visa debit card, which will be launched in June. Bakkt’s institutional clients can also use the company’s custody service to store Ethereum. The company is based in Alpharetta, Georgia, but did not provide an exact date when users can start trading in ETH. Bakkt began trading as a public company a month ago after merging with VPC Impact Acquisition Holdings and trading on the NYSE under the ticker “BKKT”. The company has also partnered with Google to enable users to spend more crypto using Bakkt Visa debit cards, especially for merchants using Google Pay around the world. It also uses Google’s cloud to build a new analytics system using machine learning, artificial intelligence, and geolocation.

As recently reported, Google has partnered with Bakkt, the digital asset marketplace, to expand the usability of cryptocurrencies. This comes after Bakkt launched its Visa debit card earlier this year, and customers can now transact digital assets anywhere that Google Pay is accepted. This process converts the cryptocurrency to fiat before it reaches the recipient’s account and this is how the digital asset can be used to pay for everyday products both online and in-store.

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