Thoughts on BKKT

Wow - what a day!

Honestly don't know much about BKKT since they just listed in early October. Looks like they jumped on new that the partnered with Mastercard and Fiserv deal to broaden use of crypto in payments. Looks like businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers.

Through the Fiserv deal business can offer crypto as part of their loyalty reward programs backed by Bakkt. SO that is pretty interesting.

I'd be careful here - there is no actual revenue generation here and while the deals are great - no clue how this will translate into a profitable business model for BKKT. If I was to jump in, I'd likely one of two things - wait for things to settle over the next month or if I was gonna buy today, I'd average in. Take small chuncks of it at a time.

Mat