Home Cryptocurrency News Valliance Financial institution Chooses Bakkt to Provide Purchasers Entry to Cryptocurrency | Information

Valliance Financial institution Chooses Bakkt to Provide Purchasers Entry to Cryptocurrency | Information

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ALPHARETTA, Ga.–(BUSINESS WIRE)–Feb 14, 2022–

Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset platform that permits shoppers to purchase, promote, ship and spend a variety of digital property, at present introduced that Valliance Financial institution, a number one supplier of tailor-made monetary options, will supply financial institution prospects entry to bitcoin and Ethereum by means of the financial institution’s cell app. Valliance Financial institution will make cryptocurrency entry easy and approachable throughout the digital banking atmosphere by means of the safe, trusted and controlled Bakkt ® crypto join resolution.

Bakkt’s versatile platform lowers the limitations to entry permitting banks and different companions to entrust Bakkt with custody and transaction tasks. A number of taking part banks have joined the Bakkt crypto join resolution, which is anticipated to launch in Q2 2022.

“We’re excited to accomplice with Valliance Financial institution and to carry crypto experiences match for the wants of their purchasers,” mentioned Sheela Zemlin, Chief Income Officer, Bakkt. “Crypto has reached the lots however many are nonetheless on the sidelines uncertain how you can get began and searching for a handy entry level from a relationship they already belief.”

“Our core banking platform supplier really useful Bakkt. By partnering with Bakkt, we’re opening the door to a brand new, dynamic alternative to supply fashionable and compliant monetary options to our purchasers who’ve a rising curiosity in cryptocurrency,” mentioned Alicia Wade, President and COO of Valliance Financial institution. “Increasingly of our purchasers every week are signaling they’re able to get began with crypto. We’re excited to accomplice with Bakkt as we innovate and broaden our providing past the normal deposit accounts. Bakkt crypto join is an easy-to-get-started resolution which plugs proper into our current cell banking app, permitting our purchasers to purchase, promote and maintain crypto in a single seamless expertise.”

Valliance Financial institution has property totaling over $580 million with 5 places between Oklahoma and Texas along with its digital financial institution V.BANK. Valliance Financial institution participation is conditioned on the profitable integration with the financial institution’s core processor.

About Bakkt:

Bakkt is a trusted digital asset platform that permits shoppers to purchase, promote, retailer, and spend digital property. Bakkt’s platform, now obtainable by means of the Bakkt App and to companions, amplifies shopper spending and bolsters loyalty applications, including worth for all key stakeholders throughout the Bakkt funds and digital property ecosystem. Launched in 2018, Bakkt is headquartered in Alpharetta, GA. For extra info, go to: https://www.bakkt.com/ | Twitter @Bakkt | LinkedIn https://www.linkedin.com/company/bakkt/

Bakkt-C

Supply: Bakkt Holdings, Inc.

View supply model on businesswire.com:https://www.businesswire.com/news/home/20220214005319/en/

CONTACT: Bakkt Media Contact:

Lauren Publish, Head of Communications

[email protected] Financial institution Investor and Press Contact:

Alicia Wade, President and COO of Valliance Financial institution

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA OKLAHOMA TEXAS

INDUSTRY KEYWORD: SOFTWARE FINANCE BANKING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY MOBILE/WIRELESS OTHER TECHNOLOGY

SOURCE: Bakkt Holdings, Inc.

Copyright Enterprise Wire 2022.

PUB: 02/14/2022 08:15 AM/DISC: 02/14/2022 08:17 AM

http://www.businesswire.com/news/home/20220214005319/en

Copyright Enterprise Wire 2022.




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