(BlockBar) Earlier this month, Chris Peterson, a former Google user experience consultant, joined Bakkt, an encrypted currency company, which is preparing to launch a digital wallet mobile application called Bakkt Pay. In addition to its efforts to boost the futures business, Bakkt is also focusing on mobile applications, which may be released in the coming months.
Chris Peterson has 20 years of experience as an independent user experience consultant. He is devoted to helping Bakkt expand its brand role in addition to futures providers. Besides, he also takes part in the launch of the mobile application. Chris Peterson once consulted the Google Cloud team before redesigning the help system for all Bakkt products. Bakkt Pay is mysterious, but there are some clues.
In January 2019, Bakkt launched a career portal to recruit several positions including block chain engineering directors, developers and safety engineering directors. It is worth noticing that mobile developers are included. According to the job advertisement, mobile developers will work to build a mobile application for the Bakkt product suite. Now there are more than 200 applicants for this position.
In March, the Wall Street Journal reported that Starbucks, as an important shareholder in Bakkt, will install Bakkt payment software in its stores. It allows customers to pay for encrypted currencies, and digital assets will then be converted into legal assets. It is known that Bakkt was created by Kelly Loeffler and Jeff Sprecher with ICE, the Intercontinental exchange. In August 2018, ICE announced the launch of a digital asset platform to attract mainstream capital into the Bitcoin market. At the end of October, Bakkt announced that it would officially launch physical settled bitcoin futures on December 12. Although the product has been delayed several times due to regulatory resistance, its every move still affects the digital currency market.
In January 2019, Bakkt received $182.5 million in financing from 12 well-known institutions, including Boston Consulting Group, CMT Digital, Galaxy Digital and Microsoft Venture. The reason for Bakkt’s success in the bear market is that it has plans to settle bitcoin futures contracts online in kind and has partners like Starbucks and Microsoft. Recently, Kelly Loeffler, CEO of Bakkt, said in a blog post that Bakkt had “worked closely” with the Commodity Futures Trading Commission (CFTC) and would test its Bitcoin futures contract in July. The blog article revealed new details about the Bakkt platform, including its intention to keep Bitcoin for up to $100 million.
John Danie is a highly experienced marketing strategist and businessman in the blockchain industry who likes the pace of the development of cryptocurrency, especially in blockchain technology where it can move so fast. Being a fintech writer and crypto reporter with a fascination for tech and a passion for starting interesting conversations, he seeks to create authentic news stories in the industry.