Digital Payments News

Bakkt Expands Reach of the Digital Wallet Experience to Send Digital Assets to Anyone

Bakkt Expands Reach of the Digital Wallet Experience to Send Digital Assets to Anyone

Peer-to-Peer capabilities enable users to send bitcoin, gift cards and cash through the Bakkt App to anyone, including non-Bakkt App users

Bakkt Holdings, LLC (“Bakkt”), the digital asset marketplace behind the Bakkt App, unveiled broader Peer-to-Peer (P2P) capabilities that enable Bakkt users to send bitcoin, gift cards and cash to anyone, including those not currently using the Bakkt App. Current Bakkt App users now have the versatility to instantly and seamlessly send digital assets to family, friends or broader social circles.

“We are excited to introduce our P2P to anyone capabilities to broadly expand consumer payment options in the digital asset space”

“We are excited to introduce our P2P to anyone capabilities to broadly expand consumer payment options in the digital asset space,” said Gavin Michael, Bakkt CEO. “Bakkt has aimed to provide the app, marketplace and payments infrastructure to make all digital assets transactable, and this new functionality welcomes everyone to have a frictionless digital experience to send and receive bitcoin, gift cards or cash to anyone.”

Read More: Banking App Dave Opts to Become a Publicly Traded Company via Merger

  • Send gift cards  Writing boring thank you cards can officially be a thing of the past! Purchase gift cards on the Bakkt App and send to your friends and family for an upcoming occasion. Show them you really know them by sending a digital gift card to their favorite restaurant. This way, they’ll know you paid attention when they told you their favorite place to unwind after a long week, and you don’t even need to tell them you got that gift card at a discount through the Bakkt App.
  • Send bitcoin  Rather than sending your niece $20 for her birthday, send her some bitcoin so she can dip her toe in the world of crypto.
  • Send cash  Send cash to your dog walker with the Bakkt App and use the opportunity to let him know that he can easily buy bitcoin or discounted gift cards from the same destination.

Read More: Klarna Secures Additional Funding as Consumers Demand Smarter Alternatives to Shop, Bank, & Pay

The Bakkt App provides users with a single wallet to manage their digital assets and makes P2P payments with cryptocurrency a seamless experience. To take advantage of this new feature, make sure you’ve downloaded the latest version of the app and select Send from either the CryptoGift Card, or Cash screens in the Bakkt App.

By empowering users to track, spend and send digital assets, the Bakkt App enables consumers to understand the full scope of their digital assets to unlock their greater value, while giving merchants and loyalty program sponsors deeper customer engagement and a lower cost of payment acceptance.

Read More: Western Union Accelerates Digital Money Movement for Postal Networks Worldwide

Related posts

FXCM Pro Now Onboarding Clients With FlexTrade’s Maxxtrader

Fintech News Desk

REPAY Enhances Mortgage Servicing Suite With New Service To Automate Loan Transfer Payments Between Mortgage Servicers

Fintech News Desk

Aite-Novarica Group Recognizes Socure As The Only Vendor In Its Best-in-Class Circle Amongst Eight Competitors In Its Global Document Identification and Verification Impact Report

Fintech News Desk
1