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Bakkt Allows Users to Send Bitcoin, Gift Cards From Its Wallet
New functionality allows users to email crypto assets to people who don’t use the app.
Bakkt Holdings now allows users of its wallet to send bitcoin, gift cards and cash to anyone, including people who don’t use the app.
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- The company said app users can send crypto and gift cards to family, friends or broader social circles through email.
- "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," CEO Gavin Michael said in a statement.
- In May, Bakkt announced a partnership with Cantaloupe that allows bitcoin and loyalty points to be used to buy items at vending machines and other self-serve kiosks, known as "unattended retail."
- The Bakkt app was announced in October 2019, but wasn't launched until March because of a delay caused by COVID-19.
Read more: PayPal Will Let Customers Withdraw Crypto, Exec Says
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
