Bakkt is a BTC futures platform that arrived more than one month ago. Things seemed slow when it first started but now improved as there are millions of trades on the platform. Despite the improvement, some analysts believe that it will not influence BTC and cryptocurrency dominance. However, one would consider the logic behind it as many market participants had argued that Bakkt would attract institutional investors and bring them on. They argued that it would promote the legitimization of the cryptocurrency domain and take it higher. Unfortunately, they have changed their arguments.

Maybe it is out of people’s mind, or they can’t remember that cryptocurrency can be used to pay for goods and services in retail outlets within the country. It is now possible to do such, and several analysts are now claiming that this feature is what will possibly lift BTC and cryptos into dominant zone.

Bakkt is looking forward to introducing an app in 2020 that will help users use cryptocurrency when buying stuff such as coffee at Starbucks. Starbucks is about to be the pioneer partner as regards this although the payments will not be with BTC itself. It will involve the transfer of Bitcoin and traded for fiat.

Nevertheless, it remains a good beginning as firms like Microsoft are likewise in collaboration with Bakkt towards the use of cryptocurrency to access their services.