Bakkt stock rose 180% as two new large partnerships were announced and propelled BKKT up, so we read more on our latest crypto news today.
Bakkt stock rose 180% on Monday, hitting a new high of $ 28 after the platform announced two major partnerships. Mastercard and Bakkt state that they are working to enable customers to buy and sell digital assets through the custodian provided by Bakkt. Meanwhile, Bakkts’ partnership with FisherV, announced Monday afternoon, will enable similar functionality and allow merchants to expand their payment offerings. Bakkt shares floated on the New York Stock Exchange on October 18 following a transaction with SPAC that valued the company at $ 2.1 billion, given the company’s current market capitalization. Mastercard’s upcoming crypto infrastructure could increase digital asset access and utility around the world, but in another project, Mastercard is starting preparations to expand the money economy in a whole new way and the payments giant will be providing banks announce crypto-integrated online services.
As the CBDC announced, banks using Mastercard can incorporate cryptocurrency into most of their products. This could include credit and debit cards that allow BTC payments, or loyalty programs to convert flight or hotel points into BTC, and possibly BTC wallets as well. Mastercard’s executive vice president of digital partnerships, Sherri Haymond, said she was eager to bring crypto services to the financial world:
“We want all of our partners to be able to easily add crypto services to everything they do. Our partners, be they banks, fintechs or retailers, can offer customers the opportunity to buy, sell and hold cryptocurrencies through integration with the Bakkt platform. “
To make service easier, Mastercard has partnered with Bakkt to offer crypto-custody services to customers behind the scenes. Bakkt has even worked with many large companies in the past, including Google, and was recently listed on the NYSE. Gavin Michael, CEO of Bakkt, explained in detail the features of the partnership and confirmed that even restaurants and retailers can convert their bonus points into BTC.
DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]