The virtual Visa card can be added to Apple Pay or Google Pay to purchase items at thousands of retailers supporting the mobile payment systems.
Bakkt Card Can Be Linked to Apple Pay and Google Pay
This year's all-time highs convinced many to invest in cryptocurrencies but digital assets still have a lot of ground to cover to achieve wide adoption in everyday payments. Debit cards issued by crypto companies bridge the gap between bitcoin and merchants that are yet to start accepting digital coins. Now there is a new offering in the market. Crypto marketplace Bakkt has launched a debit Visa card that "will maximize users' ability to spend digital assets." The card allows Bakkt customers to use their bitcoin (BTC) and fiat cash (USD) balances to buy goods and services, both online and in-store.
The card can be used through the popular Apple Pay or Google Pay mobile wallets which opens the door to thousands of retailers around the world. Commenting on the announcement, Bakkt CEO Gavin Michael pointed out:
"Our goal first and foremost is to offer more choice for consumers, and the Bakkt Card untethers bitcoin owners from their online-only past into a world with countless options to leverage the digital assets in their day-to-day lives."