Bakkt intends to develop a wallet that will offer storage for all digital assets. This will be done using Bridge2 Solutions, which has just been acquired by ICE, which in turn owns Bakkt. The project involves the integration of Bridge2 Solutions into Bakkt, which will contribute to the development of Bakkt’s consumer app.

It would be a digital wallet containing all activated loyalty programs and bank cards: all in one place and converted into money to spend anywhere.

Adam White, president of Bakkt, explained how it works in a tweet:

.@Bakkt will let you store, send, and spend any digital asset as easy as if it were cash. Read more by @MrShawnTully at @FortuneMagazine https://t.co/wbV7QalyuR — Adam White (@WhiteAdamL) February 5, 2020

“Bakkt will let you store, send, and spend any digital asset as easy as if it were cash”.

Bridge2 Solutions provides loyalty programs to some of the world’s largest brands by expanding rewards and giving consumers the ability to spend them both in-store and via digital wallets.

As explained in Fortune, the integration with Bakkt would lead to the spread of a credit card accepted in all stores that already use Google Pay or Apple Pay. This would not result in any change for merchants. During the next step, they would need to connect directly to the Bakkt app.

The app would be divided into four sections:

Cash

Cryptocurrencies

Rewards

Game points (for systems like Xbox or Microsoft)

Not only will it be possible to make purchases via apps, but also to transfer credits from one category to another. Bakkt would handle these transactions and payments by charging a small fee.

The hardest part could be the loyalty of the merchants. However, according to Fortune, if and when this system goes live, it could really be revolutionary.

According to Jeffrey Sprecher, founder, president and CEO of ICE: