{"id":8746,"date":"2021-06-25T06:54:14","date_gmt":"2021-06-25T06:54:14","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/new-visa-card-allows-bakkt-users-to-spend-bitcoin-in-stores-and-online\/"},"modified":"2021-06-25T06:54:14","modified_gmt":"2021-06-25T06:54:14","slug":"new-visa-card-allows-bakkt-users-to-spend-bitcoin-in-stores-and-online","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/new-visa-card-allows-bakkt-users-to-spend-bitcoin-in-stores-and-online\/","title":{"rendered":"New Visa Card Allows Bakkt Users to Spend Bitcoin in Stores and Online"},"content":{"rendered":"

Customers using the Bakkt app can now apply for a debit card which will enable them to pay with bitcoin at merchants that don\u2019t currently take crypto. The virtual Visa card can be added to Apple Pay or Google Pay to purchase items at thousands of retailers supporting the mobile payment systems. <\/strong><\/p>\n

Bakkt Card Can Be Linked to Apple Pay and Google Pay<\/h2>\n

This year\u2019s all-time highs convinced many to invest in cryptocurrencies but digital assets still have a lot of ground to cover to achieve wide adoption in everyday payments. Debit cards<\/a> issued by crypto companies bridge the gap between bitcoin and merchants that are yet to start accepting digital coins. Now there is a new offering in the market. Crypto marketplace Bakkt<\/a> has launched a debit Visa card that \u201cwill maximize users\u2019 ability to spend digital assets.\u201d The card allows Bakkt customers to use their bitcoin (BTC<\/a>) and fiat cash (USD) balances to buy goods and services, both online and in-store.<\/p>\n

Bakkt Card allows users to use bitcoin for online and in-store purchases, expanding utility of cryptocurrency. #BakktCard<\/a> https:\/\/t.co\/OHz0cPUHgE<\/a><\/p>\n

\u2014 Bakkt (@Bakkt) June 22, 2021<\/a><\/p>\n<\/p>\n

The card can be used through the popular Apple Pay or Google Pay mobile wallets which opens the door to thousands of retailers around the world. Commenting on the announcement, Bakkt CEO Gavin Michael pointed out:<\/p>\n

Our goal first and foremost is to offer more choice for consumers, and the Bakkt Card untethers bitcoin owners from their online-only past into a world with countless options to leverage the digital assets in their day-to-day lives.<\/p>\n

<\/p>\n

Users Can Order the Visa Card via Bakkt App<\/h2>\n

Instead of selling their crypto and waiting for a bank transfer, Bakkt users can now walk into a store, tap their Bakkt Card and pay for the item they want to purchase, Gavin Michael elaborated. The executive added that selected customers will soon be able to take advantage of the same payment option using their rewards points.<\/p>\n

The Bakkt crypto card is issued by Sutton Bank, a member of the Federal Deposit Insurance Corporation, pursuant to a license from Visa USA Inc. To obtain a virtual Visa, users will have to apply via the Bakkt wallet app<\/a>. The platform says it\u2019s \u201cenabling this real-world spending, alongside the ability to invest in and hold bitcoin with no transaction fees.\u201d<\/p>\n

While Bakkt doesn\u2019t charge a fee per transaction, it does sell BTC<\/a> to its customers at a price higher than their \u201ccomputed market price,\u201d the company explained in a press release. \u201cOur spread for bitcoin purchases will be no more than 1.5% throughout 2021,\u201d Bakkt revealed in the announcement.<\/p>\n

Are you using a crypto debit card and if so, which one? Let us know in the comments section below. <\/em><\/strong><\/p>\n

Bitcoin News
\nFintech, Apple Pay or Google Pay, Bakkt, Bakkt app, Bakkt card, Bitcoin, BTC, card, Crypto, crypto card, Cryptocurrency, Debit Card, Merchants, Mobile Wallets, purchase, Retailers, spend, VISA, visa card<\/p>\n","protected":false},"excerpt":{"rendered":"

Customers using the Bakkt app can now apply for a debit card which will enable them to pay with bitcoin at merchants that don\u2019t currently take crypto. The virtual Visa card can be added to Apple Pay or Google Pay to purchase items at thousands of retailers supporting the mobile payment systems. Bakkt Card Can…<\/p>\n","protected":false},"author":0,"featured_media":8747,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8746"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8746"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8747"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}