Spotlight Growth
No Result
View All Result
Friday, February 3, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Intercontinental Exchange, Inc.’s (NYSE: ICE) Bakkt Crypto Platform Receives Backing From Microsoft Corporation (NASDAQ: MSFT) and Starbucks Corporations (NASDAQ: SBUX)

by admin
August 9, 2018
in Cryptocurrency
0
ICE's Bakkt Crypto Platform Backed By Microsoft and Starbucks News

ICE's Bakkt Crypto Platform Backed By Microsoft and Starbucks News

The ultimate goal for cryptocurrency is global adoption – the ability to pay for all purchases with digital assets. The Intercontinental Exchange, Inc. (NYSE: ICE), or ICE, is set to move the industry one step closer to this ideal – through the creation of their Bakkt business entity. Bakkt’s support doesn’t stop at ICE – Microsoft Corporation (NASDAQ: MSFT) and Starbucks Corporation (NASDAQ: SBUX) have both committed to the future success of the company. The inclusion of tech stalwart Microsoft grants the project a strong undercurrent of credibility. However, Starbuck’s inclusion will result in potentially the first daily crypto purchase for the average consumer.

ICE is known mostly for the fact that they own and operate the New York Stock Exchange. However, they are a dominant force in global exchanges – currently operating 23 exchanges total. They also serve as a clearing house in six markets, ensuring the validity of asset exchanges. This places them in the ideal position to run a cryptocurrency platform – while the technology is different, the idea is very similar.

New Business Entity ‘Bakkt’ Set to Tame Cryptocurrency

Although great strides have been made by industry leaders like Coinbase and Ripple, cryptocurrency remains a gray market in need of regulation. Severe volatility and rampant fraud combine to make institutional investors uneasy – despite their desire to get involved. Traditional finance backed platforms like Gemini are doing their best to adhere to the patchwork of laws put in place by the United States – but ICE’s Bakkt may well be able to guide a new generation of regulators.

Their pedigree and clout will allow them to work with regulators to create a system that benefits both sides of the equation. This would help ease upcoming decisions, like the SEC’s stance on Bitcoin ETFs. Further, if Bakkt can create an institutionally backed exchange and gain traction, it could change the face of cryptocurrency for the near future. While the available exchanges serve their purpose, even the best are seen as a facet of the cryptocurrency industry – not an arm of the global financial industry.

Starbucks Continues Leading in Retail Technology

While ICE deals with the financials and Microsoft assists in the technology back-end, Starbucks is poised to provide the average user a retail outlet for their cryptocurrency payments. As one of the most prolific U.S. retail shops, Starbucks could drive major real-world adoption for cryptocurrency. Starbucks almost singlehandedly created the mobile payment ecosystem that we enjoy today.

However, Starbucks itself came out to state that they would not be accepting cryptocurrency directly. In a press release reported by Motherboard, a Starbucks spokesperson suggested that the company would not be accepting cryptocurrency directly. Instead, they hope users will use the Bakkt platform to change their cryptocurrency to fiat before purchasing items at retail locations. While Starbucks’ participation is welcome, some enthusiasts are sure to be disappointed that they do not offer direct crypto payments.

Article By: Adam Stone

Tags: appsBakktBitcoinblockchaincommon stockcryptocrypto platformcrypto technologyCryptocurrencycryptoexchangecryptonewsdigital currencyemerging growthEthereumfiatICEinvestinginvestmentMicrosoftMSFTNASDAQNYSEpublic companyretailsalesSBUXservicesSpotlight GrowthSpotlight Growth StocksStarbuckstechTechnologytechnology stockstradingUSD
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023
Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023
ADVERTISEMENT

Recent News

Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested