Consumers’ App: Bakkt is Rocking the Technologies
Mobile payments will become possible with a special consumers’ app, Bakkt says. Futures trading platform implements customer-oriented approach in business so it was not a big surprise.
In the blog post dated 28th of October Bakkt mentions that as far BTC trading was a success, it’s high time to implement a consumer app for purchase making. The app will help customers to become more familiar with digital assets, however track them and transact.
Consumer App, Bakkt and Starbucks
Starbucks as always is here to join a promising project. So they are the first ones who decided to commit the new app. Starbucks’ representative, Maria Smith, said that the coffee empire will play an essential and very active role in app’s coming development. It means that it will become practical, trusted and regulate one, as everything Starbucks is related to. Starbucks’ vice president of partnerships and payments also mentioned that it will help to convert people’s assets in cryptocurrencies to the USD to be used at Starbucks.
What’s So Special in the App?
The main idea is to convert crypto to the locally used currency. Thus the aggregate value of digital assets and purchasing powers will become vivid.
Still it is unclear what mechanics they want to use to convert funds at points-of-sale. Starbucks’ representative, Maria Smith, said that there are a lot of reward members of Starbucks. They will probably be a template for payments. But as far the operations of that kind depend on cryptocurrencies’ constant changes the system itself seems to be a challenging one.
A Bit About Bakkt
The company opened BTC trading on their platform in September and was very busy in the recent months in general. As a result there came out an announcement of fully regulated BTC futures options trading. They are about to launch it this year in December. So this consumers’ app Bakkt is about to develop in accorance to the general company’s politics.