Bakkt Allows Users to Send Digital Assets to Anyone as a Gift from Its App

Bakkt, the digital asset marketplace behind the Bakkt app, announced recently that it has 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. 

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 the new feature, users should downloaded the latest version of the app and select 'Send' from either the Crypto, Gift Card, or Cash screens in the Bakkt App. 

"We are excited to introduce our P2P capabilities to anyone 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."

"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," the firm stated in the announcement.

The app is currently available on the App Store and Google Play Store.