Bakkt adds Ethereum to Cryptocurrency offering. In a recent announcement, Bakkt Holdings, Inc. a trusted digital asset platform that enables consumers to buy. Also, sell, send, and spend a variety of digital assets, announced that it will soon begin offering users. And partners the ability to buy, sell, and hold ether (ETH), the cryptocurrency of the Ethereum network. Aside from that, users can send Ethereum to their family and friends directly from the Bakkt App. After adding Ethereum to its existing capabilities with bitcoin. Bakkt will now provide its users with the capacity to access two cryptocurrencies. That collectively represent more than half of the entire market capitalization. It is of all cryptocurrencies on the market.
The addition of Ethereum to Bakkt comes at a time when interest in and acceptance of cryptocurrencies is increasing. In its “U.S. Consumer Crypto Survey.” Bakkt discovered that nearly half of those who responded had purchased some form of cryptocurrency within the previous year. Highlighting the growing popularity of cryptocurrency in the United States. Many non-adopters, on the other hand, expressed an interest in adopting the asset class before the end of the year.
With the addition of Ethereum, partners will be able to integrate with the Bakkt platform. In order to offer their users the ability to buy, sell, and send the cryptocurrency. Institutional clients can also pick the Bakkt Warehouse as a storage facility for their ether holdings.
According to Bakkt CEO Gavin Michael, “Providing customers with flexible possibilities. To enjoy their digital assets is a major focus at Bakkt, and adding Ethereum to our roster. Introduces a popular and growing cryptocurrency to our roster.” In addition, Bakkt users have already expressed satisfaction with the app’s ability to use bitcoin.
Over the last year, Ethereum has increased in popularity
Ethereum has gained in popularity over the past year. And now has a significant share of the cryptocurrency industry. Second only to bitcoin in terms of market capitalization. As part of the company’s objective to “connect the digital economy.” Bakkt supports the flow of digital commerce by providing users with more chances to use their digital assets. Such as Ethereum for a variety of transactions such as buying. Selling, spending, and sending, among other things.
Consumers can also take advantage of Bakkt’s platform features by downloading the Bakkt App on their smartphones. You may find the Bakkt App in the App Store® and the Google Play StoreTM, respectively.
Consumers can buy, sell, store, and spend digital assets on Bakkt’s trusted digital asset platform. Which allows them to do so securely. Increasing consumer spending and strengthening loyalty programs using Bakkt’s platform. In which is now available through the Bakkt App as well as through partners. It increases value for all major stakeholders within the Bakkt payments and digital assets ecosystem. Bakkt was founded in 2018 and has its headquarters in Alpharetta, Georgia. For additional information, please visit our website.
There are “forward-looking statements” in this press release within the meaning of Section 27A. It is of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. As amended, which are incorporated by reference. For example, statements about Bakkt’s plans, objectives, expectations, and intentions with respect to future operations. Goods, services, and the use of funds from the business combination, among other things.These are examples of forward-looking statements. A forward-looking statement can be characterized by the use of forward-looking terminology. Including words such as “will,” “likely,” “expect,” “continue,” “anticipate,” “estimate,” “believe,”. Also, “intend,” “plan,” “projection,” and “outlook,” or words with similar meaning.