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.

AccessTimeIconJun 15, 2021 at 3:52 p.m. UTC
Updated Sep 14, 2021 at 1:11 p.m. UTC

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.

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