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Bakkt Consumer App in 2020 Will Be Like Crypto PayPal

Bakkt Crypto App

  • Bakkt has likened its upcoming consumer app to a crypto version of PayPal

The President of Bakkt, Adam White, spoke at the World Economic Forum in Davos regarding the Bakkt consumer app which is coming in 2020. Apparently this app will look more like a crypto version of PayPal than a crypto exchange.

Bakkt is well-known for being the first exchange to launch physical Bitcoin futures, and they have just now launched Bitcoin options as well. However, for years, Bakkt has promised to offer retail solutions for crypto, and based on White’s announcement it appears Bakkt is focused on making that promise become a reality in 2020.

So far, it has been revealed that the Bakkt consumer app will support tokenized loyalty rewards programs, equity trading, crypto asset trading, and a portal for merchants to accept crypto. Essentially, unlike popular exchange Coinbase which mostly just offers the ability to buy, sell, and accept crypto, the Bakkt consumer app aims to be a comprehensive app for all sorts of blockchain-based fintech.

That being said, there is no official timeline yet for the launch of the Bakkt consumer app.

 

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New Wreck it Ralph Film Has Blockchain Cameo

wreck it ralph

A blockchain platform’s logo has been spotted in a scene from the sequel of the Wreck it Ralph animated movie. Apart from being one of the most searched words on the internet and retaining its status as the buzz word of 2018, crypto seems to to have penetrated every level of popular consciousness, including even Hollywood.

Discussed for some time on different forums, the spotting of cryptocurrency network SAFE logo in the film was shared online via a photograph taken during a cinema filming. The SAFE logo is clearly visible along other notable internet companies.

The interesting thing is that SAFE itself seems to have no idea how it ended up next to some of the biggest names like McAfee and others.

The SAFE network responded to its presence in the movie through their official forum account, claiming it had no hand in it:

“Hey all, we’ve been watching this one with interest – thanks to everyone who’s pinged us over the weekend to give us the heads up! We’re trying to do a bit of digging to find out more – but, most excitingly, this isn’t something that we’ve worked on directly within the team.”

SAFE suggests the appearance could be linked with its connections with Silicon Valley HBO series 5 but appears convinced Disney chose the logo “for a good reason”.

Not the first instance of cryptocurrencies being mentioned or given a nod in popular entertainment, this is, however, the first time a decentralized platform or token has appeared on the big screen. Cryptocurrencies have been mentioned on television for quite some time now. The Simpsons, House of Cards and even Supernatural referenced the technology as early as in 2012. There is also a movie titled ‘Crypto’ now in the making that tells the story of money laundering using digital currencies.

 

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