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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.
Updated Sep 14, 2021, 1:11 p.m. Published Jun 15, 2021, 3:52 p.m.
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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.
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- 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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