Bakkt reveals plan to focus on consumer payments

Bakkt's Chief Product Officer, Mike Blandina published a blog post outlining the company's focus on digital asset payments. The plan includes a merchant portal that will provide enterprise-grade infrastructure to enable lower cost, faster settlement acceptance as well as a consumer application to transact and track one's digital assets.

Why it matters

• Bakkt is quickly becoming one of the most influential companies in crypto after raising almost $200 million and launching the first physically delivered futures platform this year.
• Consumer payments have sorely lacked in crypto, but with their consumer app and partnerships with companies such as Starbucks, Bakkt could provide a viable means to spend crypto for every day items.