Bakkt Holdings, Inc., a trusted digital asset platform that allows users to buy, sell, send and spend a variety of digital assets, entered into a partnership with Nexo to custody crypto assets.
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Earlier this month, Bakkt, a digital-currency fintech that specializes in concurrency, rewards and loyalty points, announced a partnership with prepaid and payments product provider Blackhawk Network, to empower users to easily purchase eGift using digital assets, supported loyalty points, and cash.
As part of the development, Benzinga chatted with Bakkt CEO Gavin Michael.
Digital Disruption: Fintech is an enormous competitive threat, according to
JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon.
Those comments come as the COVID-19 coronavirus pandemic accelerated the digital disruption in finance. Fintechs, which merge traditional finance principles with technology and innovation, quickly adapted to emerging consumer trends, unlike their well-established peers, and built easy-to-use, fast, and smart banking solutions.