Bakkt Holdings Soars 109%

Bakkt is soaring today. From MarketWatch:

Bakkt Holdings…said it was working with Mastercard Inc. to make it easier for merchants, banks and fintechs in the U.S. to use and offer a broad set of cryptocurrency solutions and services.

Bakkt said it was extending Mastercard’s ecosystem of cryptocurrency partners, enabling Crypto-as-a-Service, which provides quick access to cryptocurrency capabilities.

Through Mastercard’s network and Bakkt’s digital asset platform, Mastercard partners will be able to offer cryptocurrency solutions. These include the ability for consumers to buy, sell and hold digital assets through custodial wallets powered by the Bakkt platform and streamlined issuance of branded crypto debit and credit cards.

Mastercard also will integrate crypto into its loyalty solutions, enabling its partners to offer cryptocurrency as rewards and create fungibility between loyalty points and other digital assets.

Posted by on October 25th, 2021 at 1:17 pm


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