Google to Help Digital Asset Platform Bakkt Introduce Crypto to Millions of Consumers – News Bitcoin News
Digital asset platform Bakkt has introduced a partnership with Google “to introduce digital assets to millions of consumers.” With the partnership, Bakkt says customers will profit from the “expanded reach and access” to cryptocurrencies.
Google Collaborates With Bakkt to Expand Consumer Access to Cryptocurrencies
Intercontinental Exchange’s digital asset platform, Bakkt, introduced Friday that it has partnered with Google “to introduce digital assets to millions of consumers.” By forming a partnership with Google, Bakkt stated:
Consumers will profit from expanded attain and entry to digital belongings.
Launched in 2018 by Intercontinental Exchange Inc., the father or mother firm of the New York Stock Exchange (NYSE), Bakkt permits establishments and customers to purchase, promote, retailer and spend digital belongings, together with cryptocurrencies.
Bakkt defined that “users will be able to add their virtual Bakkt Visa Debit Card into Google Pay to purchase everyday goods and services online, in-store, or wherever Google Pay is accepted.” Cryptocurrencies, reminiscent of bitcoin might be transformed to fiat currency for these funds to happen, the corporate clarified.
Several different cryptocurrency platforms have added Google Pay, together with Bitpay and the Nasdaq-listed crypto exchange Coinbase. The former added Google Pay for U.S. cardholders to spend cryptocurrencies in August whereas the latter enabled Coinbase Card customers to pay by way of Apple Pay and Google Pay in June.
Bakkt & Google Cloud
In addition, Bakkt stated that it has chosen Google Cloud as a most popular cloud supplier. The firm will market its options powered by Google Cloud to main retailers and retailers within the U.S. Bakkt additionally plans to leverage Google Cloud’s instruments to construct new analytics together with synthetic intelligence (AI), machine studying (ML), and geolocation performance on its platform.
Bakkt CEO Gavin Michael opined: “This partnership is a testament to Bakkt’s strong position in the digital asset marketplace, to empower consumers to enjoy their digital assets in a real-time, secure, reliable manner.”
Kirsten Kliphouse, Google Cloud President of North America, commented:
We are proud to assist Bakkt speed up and scale the provision of their progressive options, powered by our applied sciences.
What do you concentrate on Google and Bakkt making cryptocurrencies extra accessible to customers? Let us know within the feedback part under.
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