The Bakkt was established in 2018 and is based in Atlanta, Georgia. By the way, the company went public on October 18 with an initial price of $8.00 while the market cap of $2 billion. However, until today the market price significantly soared over 376% to $42.51 while in pre-market is slightly declining by 7.9%. Digital asset platform provider Bakkt Holdings has a 52 Week Range high of $42.88 and a low of $8.00. Bakkt Holdings has seen strong growth in its prices over the last week, driven by some strong fundamentals by the announcements of partnerships with Mastercard and Fiserv.
Bakkt is expanding the Mastercard cryptocurrency ecosystem by offering Crypto-as-a-Service, which allows consumers quick access to cryptocurrency capabilities, according to the announcement. Because of the robustness of the Mastercard network and Bakkt’s secure digital asset platform, Mastercard merchants would be able to provide bitcoin solutions. People will be able to use Bakkt-powered custodial wallets to buy, sell, and keep digital assets, and also get streamlined issuance of branded crypto debit and credit cards. This can lead to a significant expansion of the opportunities for the U.S to earn and spend bitcoins and other cryptocurrencies since Mastercard operates one of the largest global payment networks together with Visa and contacts more than 20 thousand.