Bakkt Announces Discontinuation of Consumer App as of March 16

• In March 2021, Bakkt launched arsenic a Bitcoin-only product; Ethereum enactment was added later.
• On March 16th, determination volition beryllium a last shutdown of the app.

Bakkt, a level for managing integer assets, has present stated it would discontinue its user app successful favour of interacting straight with companies to supply them “with crypto and loyalty experiences for their customers done SaaS and API solutions.” On March 16th, determination volition beryllium a last shutdown of the app.

Bakkt’s Chief Sales & Marketing Officer Mark Elliot stated:

“We are sunsetting our user App due to the fact that it is not halfway to our B2B2C approach. This attack ensures we are supporting the narration our partners and clients person with their customers, alternatively than competing successful immoderate way.”

In March 2021, Bakkt launched arsenic a Bitcoin-only product; Ethereum enactment was added aboriginal that year. The extremity of the user app was to fto users bargain and commercialized cryptocurrency, get acquisition cards, and walk their coins successful stores to accumulate incentives. Starbucks, Best Buy, Choice Hotels, Fiserv, and GolfNow are conscionable a fewer of the much than 200 businesses that person associated with Bakkt.

Bakkt Debit Card No Longer Supported

This quality comes aft Bakkt agreed to acquisition Apex Crypto from Apex Fintech Solutions successful a $200 cardinal transaction successful November. Elliot said, contempt the change, customers volition inactive beryllium capable to spot their currency and crypto balances, acquisition and commercialized crypto, marque withdrawals to a valid slope account, and get crypto transaction records for their taxation reasons nether Bakkt’s caller service.

The steadfast has announced that arsenic of March 16th, the Bakkt Visa debit paper volition nary longer let for caller transactions, the acquisition oregon absorption of acquisition cards, oregon the tracking of reward programmes oregon points.