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Bakkt App Will Allow Users to Spend Crypto on Cantaloupe's Retail Network
The new partnership will mean bitcoin and loyalty points can be used to buy items at more than a million Cantaloupe retail devices.
Users of the Bakkt App will soon be able to spend crypto and loyalty points on payments company Cantaloupe's "unattended retail" network.
STORY CONTINUES BELOW
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- The new partnership with Cantaloupe will mean bitcoin and loyalty points can be used to buy items at vending machines and other self-serve kiosks, known as "unattended retail," according to an announcement Thursday.
- Gavin Michael, CEO of Bakkt, used the example of "buying a snack at an airport with unused points."
- Bakkt – a firm that was founded by Intercontinental Exchange, the owner of the New York Stock Exchange – will also integrate into Cantaloupe's consumer app to give users the option to "Pay With Crypto" or "Pay With Points," helping consumers to make payments at self-service kiosks and stores.
- The Bakkt app was originally announced in October 2019, but wasn't launched until March because of a delay caused by COVID-19.
See also: Coinbase and Bakkt Are Behind Paul Tudor Jones’ Bitcoin Bets, SEC Documents Show
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
