Digital Asset Platform Bakkt To Discontinue Consumer App After Two Years

Digital asset platform Bakkt is to discontinue its two-year-old consumer-facing app as its focus shifts toward business-to-business (B2B) tech services. From a report: Consumers will be able to continue to managing assets over the web after the app officially closes on March 16, Bakkt said Monday. The app went live in March 2021 with the aim of integrating crypto holdings with other digital assets such as airline miles, gift cards and loyalty points. Partnerships with firms including Starbucks, Best Buy and Choice Hotels accompanied the app's launch.

So long!

[TwistedGreen]

Sounds like the most useless app ever, so... good riddance. Sometimes these things get buy-in from companies like Starbucks and Best Buy because they have some extra budget money at the end of the quarter and just have to spend it.

Bakkt physical futures - huge idea was neutered

[dgenr8]

The original idea of Bakkt was great. Physically-settled bitcoin futures could underpin an elegant, *manipulation-resistant* glue layer that allowed the traditional financial system to facilitate instant transactions denominated in BTC at massive scale.

But we couldn't have that no, could we?

So they pivoted to be yet another irrelevant everything-wallet.