The regulated Bitcoin derivatives trading platform Bakkt has agreed with Google to add a virtual debit card to the internet giant’s payment system.
The collaboration will “expand the reach and usability of digital assets to meet the needs of millions of users.”
The card is suitable for making purchases in online and offline stores with Google Pay support. When making payments, cryptocurrency is converted to fiat.
The agreement also includes the use of Google Cloud services by Bakkt and their promotion to consumers and merchants in the United States.
Based on these tools, the platform will add new analytical capabilities using geolocation, artificial intelligence and machine learning. Bakkt partners will receive more valuable consumer models and customers will receive enhanced loyalty programs.
As a reminder, Bakkt has created a Bitcoin wallet.
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