thecoinrepublic.com
The shares of the digital asset platform Bakkt Holdings (BKKT) skyrocketed by over an impressive 200 percent on Monday. This was after the platform made it known that it reached some sweet deals with a couple of notable financial entities.
Bakkt x Involve
Bakkt has revealed that they’re teaming up with Mastercard (MA) to give the credit and debit card giant a helping hand in providing its customers with a wide range of services that are in relation to cryptocurrencies. Such services include enabling Mastercard users to buy, sell, and hold digital currencies like bitcoin (BTC) and ether (ETH).
Additionally, both Bakkt and Mastercard are set to provide banks and merchants the ability to offer so-called cryptocurrency-based loyalty incentives and payment cards.
In line with this, Mastercard Executive Sherri Haymond stated during a press release that together with Bakkt paired with their principled approach to innovation, they will not only empower their business partners to offer a variety of options in terms of digital assets but will also provide “differentiated and relevant consumer experiences.”
Bakkt x Fiserv
Not only did Bakkt partner with Mastercard as it was learned that they too have a recent partnership with the Wisconsin-based financial technology firm Fiserv (FISV). Similar to Mastercard, this other team-up is set to provide companies additional choices whenever they make payments to other businesses or their customers. Further, Fiserv will be working alongside Bakkt in helping its customers to transfer crypto-assets in and out of their mobile wallets with ease.
Bakkt’s Chief Revenue Officer Sheela Zemlin commented on this as she stated that whether it be purchasing cryptocurrencies like bitcoin from an app of a financial institution, using a digital wallet, redeeming loyalty points from their preferred restaurants for merchandise, and getting paid in bitcoin for the services rendered, consumers will now have new opportunities.
It is said, that Bakkts partnering with Mastercard and Fiserv could be a game-changer within the cryptocurrency world. they would probably raise awareness about cryptocurrencies among consumers and further strengthen their confidence in the integration of crypto into their daily operations.