Bakkt has announced a soon-to-come launch of a new blockchain app to let customers pay for their purchases in crypto currencies. The service will support not only Bitcoin, but other coins as well, said Mike Blandina, the platform’s Chief Product Officer.
The new app should promote blockchain among ordinary people. As they become more aware that cryptocurrencies can be used for everyday purchases, they will start using them more frequently. Merchants will see a new influx of customers with greater purchasing power, which will be beneficial for all market participants.
Bakkt has already entered into an agreement with the Starbucks coffee shops chain and other merchants. Customers will be able to pay for their purchases with Bitcoin and other digital currencies. This partnership was concluded last summer, simultaneously with the announcement by Bakkt platform. The service will be launched early next year.