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Bakkt Announces Launch of  Consumer App for First Half of 2020
October 28  |  2 min read

Bakkt Announces Launch of Consumer App for First Half of 2020

The COIN360 Editorial Team

Bakkt announced today they will be launching a consumer app during the first half of 2020.

The bitcoin futures exchange is currently working on the consumer app and merchant portal and expects to be testing the app with their first launch partner Starbucks during the first half of 2020.

In a blog post Mike Blandina, Chief Product Officer at Bakkt, states that as part of the exchange’s vision to provide a platform for consumers to manage their own digital asset portfolios, including storing and trading their assets, its team has designed a consumer app model that supports a superset of digital assets, including cryptocurrencies, “as seamlessly as investors transact in stocks in a retail brokerage account.”

Blandina, who has over 25 years of experience in the payments sphere and has worked at Google and PayPal among others, also mentioned that “by driving more integration and efficiency across digital wallets, transaction processing and payment acceptance,” consumers and merchants have more opportunities to seamlessly interact with each other using digital assets.

Last Thursday Bakkt announced the launch of the first ever regulated options for bitcoin futures, scheduled for Dec. 9. In the announcement it was also reported that Bakkt had experienced a record on its bitcoin futures platform the day before, which was surpassed on Friday, with 1179 contracts traded on that day.