In a Medium post published on October 28, 2019, Mike Blandina, chief product officer (CPO) at Bakkt, announced that the exchange platform will launch a consumer app to propel the use of cryptocurrencies among the masses.
Bakkt Consumer App Out in 2020
After having successfully gone live on September 23, 2019, institutional investor-geared Bitcoin Futures contract platform Bakkt is now eyeing the unexplored consumer crypto payments space.
Staying true to the institute’s vision to “unlock the value of digital assets,” Blandina stated that Bakkt will launch its consumer payments app in 2020. Per the official blog post, the yet-to-be-launched app help consumers “unlock the value of digital assets, as well as ways in which they can transact or track them.”
The post reads in part:
“A key feature of the model we’ve designed is to support a superset of digital assets, including cryptocurrencies, as seamlessly as investors transact in stocks in a retail brokerage account. Our vision is to provide a consumer platform for managing a digital asset portfolio, whether they wish to store, transact, trade or transfer their assets.”
Notably, Blandina has a professional background experience of more than 25 years in the payments industry. The executive’s resume consists of experience in domains spanning from product, engineering, strategy, and operations, in tech stalwarts like Google, PayPal, and Blackhawk Network. Read More...