RTTNews | Oct 25, 2021 10:42AM EDT

10:41 Monday, October 25, 2021 (RTTNews.com) - Crypto derivatives provider, Bakkt Holdings, Inc. (BKKT) shares are rising more than 84% Monday morning following partnership with Mastercard (MA) to offer cryptocurrency solutions and services.

Mastercard customers can now enable consumers to buy, sell and hold digital assets through custodial wallets powered by the Bakkt platform and streamlined issuance of branded crypto debit and credit cards, Bakkt said.

Mastercard is also planning to integrate crypto into its loyalty solutions, enabling its partners to offer cryptocurrency as rewards and create fungibility between loyalty points and other digital assets.

"As brands and merchants look to appeal to younger consumers and their transaction preferences, these new offerings represent a unique opportunity to satisfy increasing demand for crypto, payment and rewards flexibility," said Nancy Gordon, EVP, Loyalty Rewards & Payments at Bakkt.

BKKT is at $16.89 currently. It has traded in the range of $8- $22.56 in the last one year.

Read the original article on RTTNews ( https://www.rttnews.com/3235186/bakkt-soars-on-deal-with-mastercard-to-offer-cryptocurrency-services.aspx)

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