Bakkt (NYSE: BKKT) is moving higher once again – currently up by over 60% in pre-market trading.
Yesterday, Bakkt announced a deal with Mastercard to power crypto transactions. The news was soon followed by a partnership with Fiserv (NASDAQ: FISV) to enable clients to move funds into and out of mobile wallets, with Bakkt’s digital asset platform creating a path for the “practical uses of crypto and emerging asset classes.”
Fiserv is a payments Fintech platform and Bakkt is both a trading platform and digital asset infrastructure provider.
Bakkt said it would be integrated into the Carat omnichannel ecosystem from Fiserv to allow businesses to pursue new options for B2B and B2C payouts, loyalty programs, and transactions, all with crypto assets accessible via a digital asset wallet.
Sheela Zemlin, Chief Revenue Officer at Bakkt, called the partnership an important moment as consumers integrate digital assets into their daily habits.
The partnership will also allow consumers to buy, sell, and hold crypto assets via Fiserv financial institution clients.
Bakkt just went public via a SPAC deal earlier this month. For shareholders, the rapid rise in the shares represents a significant gain in value. Yesterday, Bakkt shares jumped by over 200%. Today, Bakkt is poised to jump once again having more than quadrupled since listing on the NYSE.