Home
News
- Manasquan partners with Bakkt by participating in its early adopter program, scheduled to launch in Q2 2022.
- The clients of Manasquan bank will soon be able to invest directly into cryptocurrencies through its application by Bakkt facilitating the same.
- Bakkt is at the forefront of bringing cryptocurrencies into the mainstream.
As the crypto sphere is pacing momentum towards mainstream, most companies want to get in on the action, thereby providing their consumer base with the privilege of transacting in the crypto spectrum while at the same time consolidating safety & security.
According to a recent press release, New Jersey-based Manasquan Bank’s clients & customers will soon be able to buy, sell & hold cryptocurrencies as it has teamed up with Bakkt holdings & participated in its early adopter program. The platform is in association with Bakkt, which will provide a mobile application under the banner of Manasquan Bank, thereby facilitating the deal.
The president & the CEO of Manasquan Bank, James Vaccaro, stated that the firm was focused on growth & keen on launching new features to customers who will consequently join the world of digital finance. The CEO was pleased with the deal signed with Bakkt and came when the bank saw a surge in demand to enter into the crypto sphere.
Bakkt Holdings is one of the prominent players & fares a massive role among the digital asset platform, where the firm recently joined with coinbase & entered the trading floors with the ticker symbol of BKKT. The stock is listed in the world’s largest exchange, The New York Stock Exchange (NYSE).
About the deal, the chief revenue officer at Bakkt, Sheela Zemlin, expressed the firm standings, where it was a proud moment to roll out new & innovative ways to transact with the crypto sphere in an extended relationship with the consumer through their trusted local bank. The firm also confirmed the deal on its official Twitter accounting, celebrating the deal.
Apart from Manasquan Bank, Bakkt had signed a deal with Google earlier. It helped users add their Bakkt Visa debit card to make transactions via digital assets, where google pay is used to perform transactions.
Bakkt also seized the deal with Mastercard as the payments giant announced its proposal to integrate selected digital assets into its products & services, where it partnered with Bakkt to facilitate the same.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
