🚀 Bakkt (BKKT): The “Dead” Stock That Might Own Web3 Payments
You: “You can’t buy anything with crypto.”
Me: “Sure you can. Just use Bakkt.”
Let me break down why this so-called dead stock is actually built different.
💀 How Bad Did It Get?
Bakkt used to be the golden child of crypto payments.
Then… it went straight into the gutter:
❌ Killed its crypto custody business
❌ Sold its loyalty rewards division
❌ Cut staff & went through a brutal restructure
Buy this wreck now?
→ Yes. Because they’ve finally locked onto the real money printer.
💸 The New Game: Safe, Frictionless Crypto Payments
Users: Pay with stablecoins like USDC.
How it works:
1. You pay with USDC from your wallet
2. Bakkt’s API processes & auto-converts it
3. Merchant gets paid in USD, KRW, EUR — whatever they want
📌 No FX fees. No settlement delays. No risk for merchants.
📌 24/7, instant, borderless payments.
🌐 Global Rollout? Already in Motion.
Bakkt partnered with DTR (Distributed Technologies Research) — not a meme, but a serious global payments infra provider.
Together they’ve unlocked:
🌍 Access to 90+ countries’ FX & payment rails
🤖 AI-optimized routing & currency conversion in real time
🔄 Stablecoin ↔ fiat auto-swaps at protocol level
🔌 Fully embeddable, API-first architecture
And Bakkt has early access + deep integration rights.
🧠 “But Isn’t Crypto Too Risky for Payments?”
Exactly. That’s why Bakkt is different.
✅ Merchants never touch crypto
✅ Users pay in USDC/stablecoins
✅ Bakkt handles conversion, settlement, compliance
📦 Think Stripe, but built for crypto.
💥 Think Visa, if Visa was born in Web3.
🥊 Cards vs Bakkt — Round 1
| Feature | Traditional Cards | Bakkt |
|---|---|---|
| Fees | 2–3% | 🔻 Lower API fees |
| FX & wires | Slow, expensive | 🔁 Real-time swaps |
| Crypto support | ❌ | ✅ Native |
| Settlement speed | 2–3 days | 🕒 Instant |
| Infra dependency | Bank-reliant | Bankless, borderless |
📉 So Why Is BKKT Still Dirt Cheap?
Because until now, they were chasing the wrong game:
Custody? Dead market.Loyalty points? Meh.
Then came 2023–2024 cleanup mode:
🪓 Cut the fat
🔄 Restructured
🎯 Focused on core infra
No hype. No pump. No narrative.
→ That’s where big opportunities hide.
🧊 The Secret Weapon: ICE
Bakkt isn’t some random startup.
It was born inside ICE (Intercontinental Exchange) — the same giant that owns the New York Stock Exchange.
💼 ICE = the financial rails for the world
💳 Bakkt = ICE’s bet on the future of money
ICE is still involved as an investor, infra provider, and compliance bridge.
If Bakkt wins, it’s not a meme pump.It’s Wall Street’s backend taking over Web3 payments.
💼 Powered by ICE. Bakkt isn’t just Web3 — it’s Wall Street with APIs.
🧨 TL;DR
“Bakkt is the crypto payments backbone.If Visa were born in Web3, it might’ve been called Bakkt.”
👀 Who Should Be Looking at BKKT?
📉 Value hunters spotting turnarounds
🤯 Realists who know “crypto is risky but infra lasts”
💳 People curious about life after card payments
📊 Investors who love SaaS-style recurring revenue
💥 Anyone searching for real business models in crypto
⚠️Warning⚠️
This post was written with Red Bull and regrets.(And maybe 1% research.)
I’m just throwing out coin picks that feel right. No promises, No refunds. Don’t blame me if your wallet catches a fever hahahahahaha
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