Intercontinental Exchange which is an important operator of global exchanges, recently made an announcement that it plans to shape a new company, Bakkt, which aims to leverage Microsoft cloud solutions is being a part of many companies to create a combined platform that allows users and to buy, sell, store and spend digital assets on an all-in-one global network. The firm will be assisting the digital asset markets to evolve firmly and professionally while supporting transaction flows.
The Bakkt ecosystem is specially created to address the developing requirements of customers in the estimated $300 billion digital asset marketplace. It is already working with companies like Microsoft, Starbucks, and BCG.
According to Sean Collins, Senior Partner, BCG, blockchain technology holds a wonderful potential to allow new business models and trusted ecosystems that would unlock the transformative potential of digital assets across global markets. However, some of them have not had success connecting all of the necessary players.
On the other hand Starbucks Corporation, which is an American coffee company, will play an essential role in making a practical, trusted, flexible and regulated applications for the users to convert their digital assets into US dollars for use at Starbucks, said Maria Smith, Vice President, Partnerships, and Payments for Starbucks.
Starbucks is also committed to innovation for expanding payment options for our customers. Thus, Starbucks accepting cryptocurrencies will make the company much more conventional, flexible, user-friendly,and plus it will allow the users to spend their digital currencies almost anyplace.
As news revealed in News BTC, Starbucks has already become the biggest news of the year for bitcoin. On the other hand, Bakkt is creating to serve as an accessible on-ramp for institutional, merchant and user’s participation in digital assets by generating greater efficiency, security, and utility. It is presently in preparation for a new launch and further operational details will be announced in the coming weeks.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]