What is Bakkt and why is everyone waiting for It?
Bakkt is a global ecosystem for trading, storing and paying for cryptocurrencies, developed by the largest financial Corporation Intercontinental Exchange (ICE).
To help you understand the scale of what is happening, let me remind you that ICE is the world's largest exchange holding and operator of the new York stock exchange, which owns NYSE Euronext and includes a network of financial and trading exchanges of the United States and Europe.
We are talking about the world's largest operator of shares and futures market, where futures contracts are traded for all types of assets, including currencies, precious metals and raw materials. Therefore, ICE prices are the reference for a number of commodities, such as Brent oil.
Bakkt partners also include many other well-known companies such as Microsoft, Starbucks and the Boston Consulting Group. Opportunities of futures trading platform, consider Goldman Sachs and DV Trading.
So the potential of bitcoins to pay for coffee at Starbucks (though Starbucks deny everything and prove that they are not going to make the chops — everything will be automatically converted to Fiat).
Many believe that the launch of Bakkt is one of the most important events in the crypto-currency sphere, which can significantly increase the bitcoin rate and will contribute to a more mass use of the crypto-currency. According to preliminary information, the official release will take place on January 24, 2019.
img credz: pixabay.com
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