Tag: Bakkt

Bakkt exchange launches its crypto debit card

Bakkt exchange launches its crypto debit card

The Bakkt Visa debit card, which is praised for allowing users to "exploit digital assets in their day-to-day lives," is now accessible for online and in-store purchases. Bakkt, a subsidiary of the Intercontinental Exchange, has launched a debit card that allows clients to make retail purchases using cryptocurrency. Bakkt announced on Tuesday that it has launched a totally virtual Visa debit card that could be used both online and in stores. Cardholders can spend Bitcoin (BTC) directly from their Bakkt accounts without having to wait for the cryptocurrency to be converted to fiat currency. “Imagine a Bitcoin user who sees a significant gain,” said Bakkt CEO Gavin Michael. “Now, instead of selling and waiting to transfer to a bank, they can ...

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