Bitcoin
$43,796.41-0.88%
Ethereum
$2,352.40-0.42%
Binance Coin
$239.61-0.61%
XRP
$0.66830961-0.98%
Solana
$73.72-0.20%
Cardano
$0.60092064+7.99%
Dogecoin
$0.09998931-1.91%
Avalanche
$33.33+5.82%
Tron
$0.10750654+0.22%
Polkadot
$7.24-2.48%
Chainlink
$16.43-2.73%
Polygon
$0.90465985-1.25%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Finance

Google Pay to Support Bakkt Debit Card

The crypto exchange also chose Google Cloud as its preferred cloud service provider.

By Brandy Betz
AccessTimeIconOct 8, 2021 at 1:42 p.m. UTC
Updated May 11, 2023 at 6:01 p.m. UTC
(detchana wangkheeree/Shutterstock)

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto exchange Bakkt said its virtual Visa debit card is now available for use on Google Pay online and in stores.

  • Cryptocurrency balances will be converted to fiat to enable transactions to occur, Bakkt said in a statement Friday.
  • Bakkt’s Google Pay support follows in the footsteps of Coinbase, which rolled out Apple Pay and Google Pay support for its Coinbase Cards earlier this year.
  • The Alpharetta, Ga.-based company, which last month received approval to go public from the U.S. Securities and Exchange Commission, also said it will use Google Cloud as its preferred cloud service as it develops artificial intelligence and machine-learning capabilities.
  • Bakkt will build new analytics and geolocation functionality on its platform utilizing Google Cloud tools as well, Bakkt said. Insights generated will expand loyalty redemption options for customers and provide Bakkt partners with consumer behavior data.
  • “This partnership is a testament to Bakkt’s strong position in the digital asset marketplace, to empower consumers to enjoy their digital assets in a real-time, secure, reliable manner,” Bakkt CEO Gavin Michael said in a press release. “Additionally, partnering with Google Cloud will enable us to continue to build a best-in-class, innovative platform that can undoubtedly scale to meet the needs of millions of users.”

See also: Bakkt Allows Users to Send Bitcoin, Gift Cards From Its Wallet

UPDATE (Oct. 8, 14:38 UTC): Adds analytics plans, CEO quote, Coinbase context.

UPDATE (Oct. 8, 15:39 UTC): Adds that card is available now on Google Pay.


Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Brandy Betz
Brandy Betz

Brandy covered crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.