Bakkt to collaborate with Google in introducing cryptocurrencies to millions of consumers
Google and digital asset platform Bakkt will collaborate to introduce digital assets to millions of consumers, who would benefit from the “expanded reach and access” to cryptocurrencies.
Users will be able to add their virtual Bakkt Visa Debit Card into Google Pay to purchase goods and services online, in-store, or wherever Google Pay is accepted.
Cryptocurrencies will have to be converted to fiat currency for the payments.
Several other cryptocurrency platforms, including Bitpay and the Nasdaq-listed crypto exchange Coinbase, have added Google Pay.
Coinbase Card users could also pay via Apple Pay.
In addition, Bakkt will also market its solutions to leading retailers and merchants in the U.S through Google Cloud.