Skip to content

Bakkt users can now send bitcoin to anyone, even the app’s non-users

Bakkt users can now send bitcoin to anyone, including the app's non-users

Cryptocurrency marketplace application Bakkt has unveiled a new peer-to-peer feature enabling users to send bitcoin, gift cards, and cash to anyone. 

In a statement (now deleted), Bakkt noted that users would send the covered items even to individuals not using the app. 

According to Bakkt CEO Gavin Michael, the feature seeks to promote transactions among cryptocurrencies in a frictionless manner. 

“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,” said Gavin. 

Users can also leverage the new feature by downloading the latest Bakkt app on their respective app stores. Currently, the app offers a single wallet that manages all their cryptocurrency payments. Furthermore, the app also has the capabilities to track and monitor crypto spending by users. 

Partnership with Cantaloupe

Just last month, Bakkt partnered with digital payments firm Cantaloupe, enabling users to pay for items at vending machines through bitcoin and loyalty points. 

Following the partnership, Bakkt also integrated into Cantaloupe’s consumer application as a preferred payment choice. Users have the features of “Pay With Crypto” and “Pay With Points” on the app. 

Bakkt was founded in 2018 by Intercontinental Exchange, owner of the New York Stock Exchange.

[binance]

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account?

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.