Bakkt App Will Allow Users to Spend Crypto on Cantaloupe's Retail Network

The new partnership will mean bitcoin and loyalty points can be used to buy items at more than a million Cantaloupe retail devices.

May 6, 2021 at 1:26 p.m. UTC
Updated Sep 14, 2021 at 12:51 p.m. UTC

Users of the Bakkt App will soon be able to spend crypto and loyalty points on payments company Cantaloupe's "unattended retail" network.

  • The new partnership with Cantaloupe will mean bitcoin and loyalty points can be used to buy items at vending machines and other self-serve kiosks, known as "unattended retail," according to an announcement Thursday.
  • Gavin Michael, CEO of Bakkt, used the example of "buying a snack at an airport with unused points."
  • Bakkt – a firm that was founded by Intercontinental Exchange, the owner of the New York Stock Exchange – will also integrate into Cantaloupe's consumer app to give users the option to "Pay With Crypto" or "Pay With Points," helping consumers to make payments at self-service kiosks and stores.
  • The Bakkt app was originally announced in October 2019, but wasn't launched until March because of a delay caused by COVID-19.

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