Bakkt Launches A New Visa Debit Card, Bakkt Card
Fazzaco learned that Bakkt, a cryptocurrency platform owned by the Intercontinental Exchange, has announced the launch of a new virtual Visa debit card called Bakkt Card.
According to the official press release, the new card will be issued by Sutton Bank and will enable users to spend their Bitcoin (BTC) and cash balances to purchase goods, services online and even pay in physical stores where Apple Pay or Google Pay are accepted.
Bakkt customers are able to apply for the card via the Bakkt App, and once the application gets approved, users could use their funds right away from their Bakkt App without having to wait for conversion times or bank transfers from a separate Bitcoin wallet to their banks.
Gavin Michael, Bakkt’s CEO, commented, “As we continue Bakkt’s journey, our goal first and foremost is to offer more choice for consumers, and the Bakkt Card untethers bitcoin owners from their online-only past into a world with countless options to leverage the digital assets in their day-to-day lives.”
Furthermore, he hinted at the possibility of offering selected rewards “very soon,” where customers could leverage their points to arrange payments.
As Fazzaco reported earlier, Bakkt 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.
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