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October 26, 2021

Bakkt Partners with Mastercard

Yesterday, Mastercard announced that it has partnered with Bakkt to bring crypto payments to the masses. Now any bank or financial institution can issue a crypto payment card on Mastercard's vast network, and users can spend crypto at merchants that accept Mastercard. This is another sign of custodians & exchanges acting as a form of "Layer 3" solution to further help scale transactions. Bakkt's stock was up over 400% on Monday following the news.

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