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

New functionality allows users to email crypto assets to people who don’t use the app.

By Tanzeel Akhtar
AccessTimeIconJun 15, 2021 at 3:52 p.m. UTC
Updated Sep 14, 2021 at 1:11 p.m. UTC
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Bakkt Holdings now allows users of its wallet to send bitcoin, gift cards and cash to anyone, including people who don’t use the app.

  • The company said app users can send crypto and gift cards to family, friends or broader social circles through email.
  • "Bakkt has aimed to provide the app, marketplace and payments infrastructure to make all digital assets transactable, and this new functionality welcomes everyone to have a frictionless digital experience to send and receive bitcoin, gift cards, or cash to anyone," CEO Gavin Michael said in a statement.
  • In May, Bakkt announced a partnership with Cantaloupe that allows bitcoin and loyalty points to be used to buy items at vending machines and other self-serve kiosks, known as "unattended retail."
  • The Bakkt app was announced in October 2019, but wasn't launched until March because of a delay caused by COVID-19.

Read more: PayPal Will Let Customers Withdraw Crypto, Exec Says

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