Official: google pay adds support for bakkt's virtual visa crypto card
Google pay will now allow consumers to use bakkt's virtual crypto card for self-service items in their preferred digital currency such as bitcoin.
In a press statement, baktt, the trading platform, empowers readers spend cryptocurrencies, it is noted that within the boundaries of the new work with google, the cryptocurrency balance will be first converted to fiat, before the payment is made.
The statement adds that bakkt, an intercontinental exchange product, the owner of new the york stock exchange organization may also use the cloud services provided by google cloud and plans to sell its funds based on google cloud to retailers and merchants in america.
The company also wants to use google cloud for manufacturing analytical portals with ai (ai) functions, machine learning (moscow region and geolocation. Interestingly, a process like this is fact-based to help consumers expand their loyalty opportunities.
“This partnership is a testament to bakkt’s strong position in the digital asset trading space, enabling consumers to use their digital assets in a variety of ways. Real-time format, a solid and proven method. What's more, working with the google cloud will allow us to continue to build a best-in-class innovation platform that can clearly scale to 'fun' the needs of millions of visitors,” said gavin michael, ceo of bakkt.
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Bakkt's support for google pay came into being as soon as the cryptocurrency exchange coinbase deployed apple pay and google pay for coinbase issued cards.
Crypto investors are on the rise
The partnership aims to develop the growing use of cryptocurrencies among clients around the world. Recently, bakkt published a report showing that 48% of buyers in the united states invested banknotes and coins - in virtual money in the first half of the year. Those who have already purchased digital currencies see them as long-term investments, the argentine virtual visa card - https://choise.com/cards - and 43% admit that they are thinking of realizing them in order to make short-term profit. Another 24% indicated that they are thinking of using cryptocurrency for self-shopping.