A ray of hope have been signaled to the dooming crypto-markets with the bold decision of the owners of New York stock exchange. The have blatantly decided to join hands with the three leading companies such as Starbucks , Microsoft and BCG and had unanimously inaugurated a Bakkt company. This decision is a golden time for the crypto markets because the risks surrounding Bitcoin will get suppressed as Bitcoin and other digital assets will find themselves propelling towards mainstream mode of payment.
With the launch of Bakkt Company, bitcoin will finally get its approval and recognition at SEC in November. Otherwise, this approval had been gone in pending for long.
The reason behind Bitcoin getting its long awaited approval with the initiation of Bakkt Company is that this company is centrally regulated. Furthermore with an accredited warehouse where all commodities are safeguarded, the risks surrounding bitcoin is subdued.
Starbucks will globally recognize bitcoin as a medium for an exchange of goods. So the next time you go for a steaming cup of coffee at Starbucks , they are equally comfortable if you pay in dollars or bitcoin.
So as Starbucks embraces bitcoin on a global level, it not only propagates the Bakkt company’s latest project but also paves way to bitcoin being a future means of payment.
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