Bakkt, Partnership with Cantaloupe .. Introducing Cryptocurrency and Point Payment
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May 7, 2021Bakkt, a digital asset-related company under the InterContinental Exchange (ICE), which operates the New York Stock Exchange (NYSE), announced on the 6th that it has entered into a strategic partnership with Cantaloupe, a Nasdaq-listed company that provides payment solutions. Coinpost reported this on the 7th.
In the near future, retailers that adopt Cantaloupe’s payment solution will be able to pay with cryptocurrency and various points. Currently, you can use cash or credit card, but the purpose is to increase options and increase flexibility so that Bakkt’s app “Bakkt App” can make payments with corresponding digital assets. Cryptocurrency is said to allow Bitcoin (BTC) to be used, but it did not mention plans to respond to other stocks.
Bakkt launched the Bakkt App, a consumer app in March this year. The purpose is to allow users to utilize various digital assets, and in addition to cryptocurrency, travel mileage and reward points can be used and managed. At the time of launch, it attracted attention by introducing a device that can be charged with Bitcoin to Starbucks cards in the United States.
Founded in 1992, Cantaloupe is a company that provides consistent technology solutions from payment to logistics and office management to unmanned stores such as gas stations, launderettes and kiosks. According to the official website, it has over 18,000 customers worldwide.
Through this alliance, Baekt’s app is integrated into the company’s service to respond to payments in cryptocurrency and points. Users can use the Bakkt App to pay with their cryptocurrency or points.
In this announcement, Bakkt’s CEO Gavin Michael said:
“It is often overlooked how many digital assets are unused. With this alliance, we are pleased to introduce an innovative payment method that can contribute to store sales and lead to customer satisfaction.”
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.
