Visa virtual debit card from Bakkt will work with Google Pay

The company has announced the choice of Google Cloud as a preferred cloud provider

09.10.2021 - 08:30

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What's new? The bitcoin derivative trading platform Bakkt has signed an agreement with Google to add a virtual card to the payment system. The user's cryptocurrency balance will be converted into fiat currency for a quick payment.

Article on Businesswire

What does the CEO say? Gavin Michael, Bakkt CEO, commented:

“This partnership is a testament to Bakkt’s strong position in the digital asset marketplace, to empower consumers to enjoy their digital assets in a real-time, secure, reliable manner.”

Kirsten Kliphouse, Google Cloud President of North America, stated:

“Google Cloud has been at the forefront of accelerating digital commerce, powering many retailers and merchants. We are proud to help Bakkt accelerate and scale the availability of their innovative solutions, powered by our technologies.”

What are the advantages of cooperation? Bakkt's collaboration will use the superiority of cloud tools to implement new analytics, artificial intelligence and machine learning mechanisms on its platform. The company's partners will be able to use them to identify important consumer behavior patterns.

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