Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Seeking Alpha 2022-04-26 15:26:48

Bakkt stock rises after new partnership with Apple Pay, Google Pay

Cryptocurrency platform Bakkt (NYSE:BKKT) shares briefly jumped as much as 10% Monday morning after it teamed up with Apple's (NASDAQ:AAPL) Apple Pay and Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Pay in a move that accelerates its broader efforts to make digital assets more accessible, according to a blog post. It didn't take long before BKKT stock erased most of its earlier gains, now changing hands just above breakeven levels. Bakkt's (BKKT) partnership with loyalty program Wyndham Rewards now lets Wyndham Rewards Members use their points to pay anywhere Apple Pay and Google Pay are accepted, the blog read. Note that "the longer rewards sit in the customer’s account, the more they are subject to expiration, changing values, changing terms or abandonment," which "can lead to a less rewarding outcome for the customer," Bakkt explained. In the beginning of April, Bakkt enabled American Bank customers to access Bitcoin and Ether.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.