Google, in recent times, has shown an increasing interest in the blockchain sector. Therefore, the tech giant has recently partnered with Bakket, a renowned digital asset marketplace.
According to reports, the Bakkt-Google Partnership will help facilitate the global adoption of digital assets. In other words, this alliance will help to bring digital assets to millions of consumers worldwide.
On the other hand, Google is also interested in providing the geographical location of unrestricted assets to consumers.
— Bakkt (@Bakkt) October 8, 2021
More About the Bakkt – Google Partnership
Bakkt is well-known as a reliable digital marketplace providing users with the ability to sell, spend, and buy digital assets. Therefore, the partnership with Google is a step in the right direction for Bakkt as it will boost the usage of digital assets in marketplaces. Also, it will create more use cases for digital assets to meet the demand of consumer preferences.
The partnership will also make it possible for users to use the Bakkt Visa Debit Card on Google Pay. Also, it is essential to note that payments made using digital assets will immediately be converted to fiat currency.
Also, Google cloud has been listed as the official cloud provider for the marketplace ecosystem. Speaking on this, the tech giant revealed that it was incredibly “[…] proud to help Bakkt accelerate and scale the availability of their innovative solutions, powered by our technologies.”
The CEO of Bakkt, Gavin Michael, also spoke highly of the partnership with Google. Revealing the strategic alliance is a pointer to “[…] Bakkt’s strong position in the digital asset marketplace. Adding that, together, both platforms will help to “[…] empower consumers to enjoy their digital assets in a real-time, secure, reliable manner.”
In addition to this, Gavin also disclosed that Google Cloud would help them to scale. Therefore making it easy to “[…] meet the needs of millions of users.”
CEO @gavinmichael discusses how Bakkt is bringing new experiences to Choice Hotel Privileges Rewards members like redeeming rewards points for cash to use for bitcoin and alternative payment methods #bitcoin #payments #rewards https://t.co/N61rdmeWFw
— Bakkt (@Bakkt) October 6, 2021
Finally, North America Google Cloud President Kirsten Kliphouse also revealed that Google Cloud is quite interested in powering the development of the crypto space. Therefore, “[…] powering many retailers and merchants”. Kirsten also added that the entire Google cloud platform was “[…] proud to help Bakkt accelerate and scale the availability of their innovative solutions, powered by our technologies.”
More About Bakkt
The marketplace platform has put plans to create new analytics powered by artificial intelligence, machine learning, Geolocation, etc. Therefore, the partnership with Google brings it closer to achieving these excellent new analytics.
In Altcoin Buzz, we hope you’ve enjoyed reading about the Bakkt-Google Partnership.
Join us on Telegram to receive free trading signals.
Find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.