Millennials Will Benefit from Bakkt’s Cryptocurrency Platform in Many Ways
The Intercontinental Exchange (ICE) established Bakkt, a digital marketplace worth over $300 billion. The exchange is unregulated by the government and it is able to secure block assets using the blockchain system. According to ICE’s founder and CEO, Jeff Sprecher:
In bringing regulated, connected infrastructure together with institutional and consumer applications for digital assets, we aim to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously unregulated markets.
ICE is recognized for its positive effect. The company facilitated a trustworthy, federally regulated Bitcoin market. A few of the major companies that have joined Bakkt include Starbucks and Microsoft. Further, Consulting Group is has also joined and is looking to promote cryptocurrency in a manner that brings it to the mainstream. Though everyone can benefit from Bakkt, millennials are a prime market.
Millennials can benefit from Bakkt by using its 401K initiative option, which is relatively new. Bitcoin provides this group by providing them with a diverse investment opportunity that allows them to focus on sustainability, rather than a low-risk return. Other than providing millennials with a 401K initiative option, the Bakkt’s future is expected to bring credit cards, retirement plans, and retail changes as well. For example, rather than swiping a credit card, millennials can just scan their Bitcoin app.
There are numerous reports that venture investing, initial coin offerings, and corporate R&D related to blockchain and digital assets are all on track to surpass 2017 levels
— Bakkt (@Bakkt) August 25, 2018
‘According to c, this type of system may eliminate transaction fees. As the platform stated on Twitter:
“There are numerous reports that venture investing, initial coin offerings, and corporate R&D related to blockchain and digital assets are all on track to surpass 2017 levels.”
Bakkt’s CEO Kelly Loeffler stated in a blog post that the company is looking to develop an effective, scalable ecosystem for federally regulated markets and warehousing. ICE is also planning on hosting a “one-day” physically delivered Bitcoin contract.