Coinbase to Convert Crypto Without Fiat

The conversion is available between Bitcoin, Ethereum, Ethereum Classic, Litecoin, 0x and Bitcoin Cash
18 December 2018   608

The leading US cryptocurrency trading platform Coinbase has added the ability to convert one cryptocurrency to another for users of Coinbase.com and mobile applications on iOs and Android. A new feature called Convert.

Note that the conversion is available between Bitcoin, Ethereum, Ethereum Classic, Litecoin, 0x and Bitcoin Cash.

Coinbase also promised to soon make a new service available in 34 countries. Note that earlier the clients of the platform for professional traders could use the cryptocurrency conversion.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   101

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.