Google Partners With Digital Asset Company Bakkt To Make Crypto Payments More Accessible.
Bakkt, a digital asset startup, established a partnership with Google on Friday. “is to extend the reach and usability of digital assets to meet rapidly evolving consumer demand and preferences,” according to the project description.
Millions of people will be exposed to digital materials as a result of the relationship. Make payments more accessible as well.
Bakkt was launched in 2018 by Intercontinental Exchange, the owner of the New York Stock Exchange.
Consumers can purchase, sell, send, and spend digital assets, such as cryptocurrencies, on the digital assets marketplace.
Bakkt users will be able to add their virtual Bakkt Visa Debit Card (“Bakkt Card”) to Google Pay as a result of this partnership.
Users will be able to buy products and services everywhere that takes Google Pay after that.
For these payments to take place, digital assets in users’ wallets, such as Bitcoin, will be converted to fiat cash.
Bakkt also revealed that Google Cloud has been chosen as its preferred cloud provider. The startup will target shops and merchants in the United States with its Google Cloud-powered products.
To produce fresh business insights, the digital assets marketplace intends to use the Cloud’s industry-leading solutions. On its platform, the new analytics would incorporate artificial intelligence, machine learning, and geolocation features.
Bakkt customers will have more loyalty redemption choices thanks to these findings. Bakkt partners will have data on valuable customer behaviour patterns at the same time.
A user tweeted about the 2017 fake promises made by the firm of similar partnership announcement.
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