What is Bitcoin have miles, flight and loyalty points in common? When it comes to Bakkt, the digital Assets and the need for a separate App.
Bakkt has announced the launch of a mobile Wallet. With the Bakkt App, users can manage various forms of digital Assets. Starbucks and a variety of retail businesses to support the project.
The Bakkt App, in particular, the broad Definition of digital Assets catches the eye. Because the Wallet of the company, this went on for 2018 with a Bitcoin Futures exchange to launch with the support of crypto-currencies, a variety of loyalty points from the retail, gift cards, and even airline miles. Customers can redeem your collected points in U.S. Dollar or Bitcoin as a means of payment to use.
The new App is to help, transaction costs reduce. Similarly, they wanted to promote loyalty programs in the retail and consumer to help the value of your digital Assets to exploit. In the Press release it says:
The goal of Bakkt is to make all of the digital Assets as liquid as a Fiat currency.
Starbucks coffee and pay with Bakkt
The App is available for Apple and Google Smartphones. In a previous test phase involved a half-a-Million invited user. Among the supporters of the project, the retail chain for consumer electronics, Best Buy and GolfNow, a booking service for Golf courses next to the Starbucks.
Thanks to a link with the Starbucks App, customers can use the Wallet, for example, your Starbucks charge card. Karl Herbert, Vice-President of the coffee chain said:
Our Teams worked closely together, as Bakkt Input for the development of a unique and trusted payment trusted searched experience, which allows customers the value of their digital assets in the Form of US dollars free. We are pleased that customers now have the ability to have your Starbucks Card with Bakkt in the Starbucks App to charge and pay at Starbucks.
In the coming months, Bakkt is also planning an IPO.
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