Google Partners With Digital Asset Company Bakkt To Make Crypto Payments More Accessible

2021-10-11 13:00

Digital asset company Bakkt announced a partnership with Tech giant Google on Friday. This project “is to extend the reach and usability of digital assets to meet rapidly evolving consumer demand and preferences.” The partnership will introduce digital assets to millions of consumers. And also make payments more accessible.

Bakkt’s New Partnership With Google

Intercontinental Exchange, the owner of the New York Stock Exchange, founded Bakkt in 2018. The digital assets marketplace enables consumers to buy, sell, send and spend digital assets, including cryptocurrencies.

This partnership will enable Bakkt users to add their virtual Bakkt Visa Debit Card (“Bakkt Card”) into Google Pay. Subsequently, the users will be able to purchase goods and services anywhere that accepts Google Pay. Digital assets, like Bitcoin, in the users’ wallets, will be converted to fiat currency for these payments to occur.

Related Reading | Google Partners With Dapper Labs Flow Blockchain

Additionally, Bakkt announced that it has selected Google Cloud as a preferred cloud provider. The company will market its solutions powered by Google Cloud to retailers and merchants in the U.S. The digital assets marketplace also plans to leverage the Cloud’s industry-leading tools to generate new business insights. The new analytics would integrate artificial intelligence, machine learning, and geolocation functionality on its platform. These insights will provide Bakkt consumers with expanded loyalty redemption options. At the same time, Bakkt partners will have data on valuable consumer behavior patterns.

Total crypto market at $2.34 Trillion | Source: Crypto Total Market Cap from TradingView.com

Bakkt CEO, Gavin Michael, commented on the partnership. “This partnership is a testament to Bakkt’s strong position in the digital asset marketplace, to empower consumers to enjoy their digital assets in a real-time, secure, reliable manner.” He also said that partnering with Google Cloud will enable Bakkt to make the platform more innovative. And develop it to scale to meet the needs of millions of users.

Kirsten Kliphouse, Google Cloud President of North America, mentioned that the company has been at the forefront of accelerating digital commerce. And by doing so has powered many retailers and merchants. “We are proud to help Bakkt accelerate and scale the availability of their innovative solutions, powered by our technologies.”

Bakkt Drives Crypto Adoption

The new partnership is one of Bakkt’s many attempts to expand crypto adoption in the U.S. It comes just weeks after the company announced that the Bakkt app had linked one billion points and miles since it launched its digital wallet app in March.

In August, Bakkt partnered with Quiznos restaurants to launch the first physical location where customers can pay for their food in BTC in Denver.

Related Reading | Kraken App Now Accepts Google Pay And Apple Pay

Bakkt is the most recent of several Cryptocurrency platforms to add Google Pay. Bitcoin payment service provider Bitpay added Google Pay for U.S. cardholders in August. Coinbase also added Google Pay as well as Apple Pay for its cardholders in June.

Featured image by Los Angeles Times, Chart from TradingView.com

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

digital google company bakkt asset extend usability

digital google → Результатов: 126


Исследование: спрос на криптовалюты среди жителей Гавайев вырос на 687%

Около 6% жителей США владеют криптовалютой, а в 2021 году спрос на цифровые активы сильнее всего вырос в штате Гавайи. К таким выводам пришла компания MiQ Digital после анализа данных Google Trends.

2021-6-18 12:23


Исследование: интерес к криптовалютам среди жителей Гавайев вырос на 687%

Около 6% жителей США владеют криптовалютой, а в 2021 году спрос на цифровые активы сильнее всего вырос в штате Гавайи. К таким выводам пришла компания MiQ Digital после анализа данных Google Trends.

2021-6-19 12:23


Фото:

Popular Browsers Like Google Fail to Catch Copycat Crypto Sites, Scams Make the Top Results

As the digital asset economy grows popular and a number of crypto companies become well known, copycat scammers appear in greater numbers. There are a number of websites that are clones of the official web page from companies that provide mining device sales, wallets, full nodes, paper wallet tools, and popular trading platforms.

2020-12-13 09:00


Фото:

Facebook And Google Soon To Enable Bitcoin Buying, Businessman Jason Yanowitz Asserts

It will come as no surprise that big technology and finance co-operations are considering cryptocurrencies behind the scenes. As we’ve seen before, many of these traditional fintech institutions have changed their company policies to accommodate digital currencies, either through investing or expanding their company’s structures to allow for the inclusion of cryptocurrency usage. The continuation […]

2020-11-16 19:43


Фото:

Brave Challenges Google’s Advertising Power Before the UK Competition Watchdog

The company behind the privacy-oriented browser Brave has set out to convince regulators in the U. K. to end Google’s advertising monopoly in the digital space. In a filing with the country’s Competition and Markets Authority (CMA), Brave puts forward recommendations on how to “neutralize” the tech giant’s “unfair data advantage.

2020-2-23 23:40


Фото:

Google начнет бороться с зависимостью от смартфонов с помощью пяти новых приложений

Компания Google представила пять новых приложений, основанных на функции Digital Wellbeing (Цифровое благополучие), все они призваны помочь в борьбе с зависимостью от смартфонов. Данная функция станет обязательной для смартфонов под управлением мобильной операционной системы Android 10.

2019-10-24 14:12


Фото:

Democratizing the Platform Economy: The Quiet Revolution Through Blockchain

Blockchain – a bursting bubble or disruptive transformation? The Internet has created digital marketplaces that efficiently bring supply and demand together. The success of tech giants such as Google, Apple, Facebook, and Amazon, but also Tencent and Alibaba, can be largely explained by their two-sided digital marketplaces and the resulting platform economy.

2019-8-5 18:32