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Bakkt Has Launched its Bitcoin App in Partnership with Starbucks

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Bitcoin Futures platform, Bakkt has released its application called Bakkt App. The Bakkt App will allow users to use Bitcoin and other crypto-assets directly through the platform. 

Bakkt was launched in 2018 and the firm has enabled institutional investors to get Bitcoin exposure through its regulated platform. The platform has teased the launch of its app for years and now the product is finally here for users. 

According to an official statement, the app would be used as a digital wallet. The wallet will allow customers to convert their participating rewards to cash or to use Bitcoin as a means of payment. 

Earlier, up to 500,000 users participated in an invitation-only Early Access Program. Customers would be able to download the app from Google Play Store or Apple Store when the app is launched.

“The average consumer holds a wealth of digital assets – from gift cards to loyalty points to bitcoin – but lacks the tools to adequately track and utilize their value. We’re thrilled to bring the Bakkt App to the public as a step along our journey to expand digital asset access to all.”

commented Bakkt’s recently-appointed CEO, Gavin Michael.

Bakkt in Partnership with Starbucks and Best Buy

According to the official statement, Bakkt is also in partnership with Starbucks and Best Buy. This partnership will allow users to reload their Starbucks Card through the application. Starbucks users can also convert their loyalty points, reward points, gift cards, and flyer miles into USD through the App. 

“Our teams worked closely together as Bakkt sought input in developing a unique and trusted payment experience that enables customers to unlock the value of their digital assets in the form of US dollars.”

said Starbucks VP of global card, commerce, and payment – Karl Hebert.

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