Bakkt has announced that the company has the following year-a the app is released, consumers and traders transactions using cryptocurrency are able to perform.
Contents
The threshold to be as low as possible
It’s not 100% clear on how the app will look like and what exactly you can do that, but Bakkt have a specific vision in mind. They want retailers to help in a more seamless way of cryptocurrency is to be able to accept it. This is why the app is as consumer friendly as possible, so that there are no barriers for people to get crypto to be used.
Starbucks is the first company that they have been able to establish. That is to be expected, Starbucks, and Bakkt been working for some time together.
Sellers get a wider range of
In an official message on the Medium, said Mike Blandina, the Chief Product Officer of Bakkt, the app will be beneficial for the customers because they are easy operations with digital assets. Also, the app is going to be beneficial for the sellers as they are to their customer base and this allows it to grow.
“We will be launching a consumer app to help consumers with easy-to-make-the value of digital assets, and to discover and to unlock, as well as the ways in which they are able to handle it or to follow it. Vendors will have access to a wider range of customers, with more buying power. ”
What is the killerapp?
Blandina noted that this phenomenon is very important for the growth of the industry. It provides a vliegwieleffect: small shifts lead to big changes in the industry.’ The challenge is to Bakkt is to get an app build, which allows people to use cryptocurrency, without the need to worry about how it will work. This is also the message of the Bakkt says:
“It is often said that a cryptocurrency’s success will be when customers don’t have to think about the underlying technology.”
More than just payments
The app, according to Blandina, much more will be limited to payments to support to:
“One of the important characteristics of the designed model, the support is a superset of digital’s assets, including the cryptocurrency s. Trading in the cryptocurrency would be just as easy to have as well as how investors, in their traderaccount dealing in the shares. Our vision is to create a consumer platform to manage a digital portfolio of assets, or their assets, to store, to communicate, to trade, or to pass it on.’
A false start
The main webshop platform from Bakkt it was a long time in the making. When Bakkt has finally been launched, the volume is not that high. This has led to comments that the Bakkt to be a complete failure. Also reduced the bitcoin exchange rate on the day of the launch, so that it was directly in the shoes of the Bakkt unit.
However, after the launch in september, with the trade volume now up to more than a thousand bitcoin in a single day. This past Friday, took Bakkt a new all-time high, with 1.179 bitcoin contracts in. If it’s a coincidence or not, in that day, it increased the bitcoin exchange rate is also 40%.
Today we set a new daily record of 1,179 Bakkt Bitcoin Futures contracts traded
— Bakkt (@Bakkt) As Of October 25, 2019