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Bakkt Ready To Kick Off Trading On NYSE From Next Week

Digital asset platform Bakkt Holdings finally completes its merger with VPC Impact Acquisition Holdings. Also, the Intercontinental Exchange (ICE) announces on Friday.

Furthermore, it will kick off trading on the New York Stock Exchange (NYSE). According to the press release, as a public company starting Oct. 18. Notably, It will use the ticker “BKKT.”

Additionally, ICE is best for operating the NYSE. It launched Bakkt in 2018. More so, Bakkt first announces plans to go public in January. Then, through a merger with special purpose acquisition corporation (SPAC) VPC. Which of course, the deal’s valuation amounting to about $2.1 billion.

Lastly, ICE says it has an economic interest of about 68% in the company. Additionally, a minority voting interest. Meanwhile, VPC’s shareholders approves the merger with Bakkt during an Oct. 14 meeting. While, having about 85.1% of ballots in favor of the deal.

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Google Teams Up With Bakkt To activate Google Pay to Crypto Users

Bakkt sets another partnership in order to expand cryptocurrency payment options. Additionally, this new partnership is with Google Cloud.

Furthermore, popular digital asset marketplace is partnering with Google to expand the usability of cryptocurrency. Of course, this will allow users to add their Bakkt Visa Debit Card directly into Google Pay.

Google Pay Meets The Bakkt Card

During a press release from BusinessWire, users will begin spending Card crypto funds directly from Google Pay. Furthermore, This is coming after Bakkt releases its Visa Debit Card earlier this year. Meanwhile, Customers can make transactions through digital assets wherever Google Pay is accepted.

More so, this process will convert cryptocurrencies into fiat currency before coming into the recipient’s account. Additionally, payment for any products, both online and in-store will be through digital assets.

Notably, Bakkt is set to use Google Cloud as its preferred cloud provider to advertise its services.

Also, the cloud’s tool will help them implement new strategies, while consumers enjoys this privilege.
CEO Gavin Michael explains,

“This partnership is a testament to Bakkt’s strong position in the digital asset marketplace,..”
“…to empower consumers to enjoy their digital assets in a real-time, secure, reliable manner…”
“Additionally, partnering with Google Cloud will enable us to continue to build a best-in-class,..” “…innovative platform that can undoubtedly scale to meet the needs of millions of users.”

Crypto Adoption Expansion

However, This recent partnership is just one of many ways Bakkt seeks to expand its crypto adoption. Especially in the US.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.