CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$22,827.00
  • ethereum
    ETH$1,570.27
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Bakkt Holdings to Provide Cryptocurrency Services to Manasquan Bank Clients

    Bakkt Holdings to Provide Cryptocurrency Services to Manasquan Bank Clients

    Author: Dimitar Dzhondzhorov

    Last Updated Dec 21, 2021 @ 15:18

    After teaming up with Bakkt, retail clients of Manasquan Bank will soon be able to deal with digital currencies.

    New Jersey-based Manasquan Bank will participate in Bakkt Holdings’ early adopter program. When effective, it will enable customers of the financial institution to buy, sell, and hold cryptocurrencies.

    Bakkt Inks Another Partnership

    According to a recent press release, Bakkt’s project is anticipated to launch in Q2 2022. Initially, the platform will provide an entry point to adopt cryptocurrencies only to retail clients of Manasquan Bank. When the early adopter program gets effective, those users will be able to buy, sell, and hold bitcoin and alternative coins through the bank’s mobile application.

    Sheela Zemlin – Chief Revenue Officer at Bakkt – described the opportunity which her firm provides to Manasquan Bank customers as “incredible.” She predicted that cryptocurrencies will be the center of the Web3 economy, where people could participate in new value creation and exchange digital assets.

    “Bakkt is proud to roll out new and innovative ways to this burgeoning economy, enabling a path to buy, sell and hold crypto as an extension of the consumer’s relationship with their trusted local bank,” the executive concluded.

    James Vaccaro – President and CEO of Manasquan Bank – said his company is focused on driving growth and introducing new features to clients so they can join the digital financial world. He stated that the collaboration with Bakkt comes at a time when customers have been looking for ways to enter the cryptocurrency space.

    Bakkt Holdings is among the leading digital asset platforms. Two months ago, the firm joined the likes of Coinbase and had its shares listed on the New York Stock Exchange (NYSE). It started trading under the ticker symbols BKKT and BKKT WS.

    ADVERTISEMENT

    The Partnerships with Google And Mastercard

    At the beginning of October, Bakkt expanded its cryptocurrency payment options by collaborating with Google. The initiative enabled users to add their Bakkt Visa Debit Card and make transactions via digital assets wherever Google Pay is accepted.

    The crypto firm would also use Google Cloud as its preferred cloud provider to market its services to leading US retailers and merchants.

    Shortly after, Bakkt collaborated with Mastercard as the latter revealed plans to integrate digital assets into many of its products and tapped Bakkt to do so. At the same time, the cryptocurrency provider partnered with Fiserv, and the idea was identical to the aforementioned one.

    Interestingly, the news had a dramatic impact on Bakkt’s stock prices. They surged from $11.5 to a daily high of $42.5, which represented a 270% increase in a matter of a single trading day.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • GoogleBakkt
      Google Partners With Bakkt to Bring Google Pay to Crypto Users
    • USBank
      US Bank to Allow Bitcoin Custody Service for Institutional Clients as Demand Skyrockets
    • bakkt_cover
      Bakkt's Stocks Surged 270% Following Partnerships With Mastercard and Fiserv
    Tags: Bakkt Banks United States
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Dimitar Dzhondzhorov
    More posts by this author

    Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

  • bitcoin
    BTC$22,827.00
  • ethereum
    ETH$1,570.27
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!