back Back

Bakkt partners with Cantaloupe to enable consumers use crypto & loyalty points to make purchases

By Pavithra R

May 07, 2021

  • America
  • Bakkt

Bakkt partners with Cantaloupe to enable consumers use crypto & loyalty points to make purchasesBakkt, a Financial service company, aimed to bring transparency and trust to digital assets has announced entering into a strategic partnership with Cantaloupe, a software and payments company providing end-to-end technology solutions for the unattended retail market, to bring a new, cashless experience for consumers to spend digital assets at unattended retail devices. 

Under the deal, in addition to cash, debit and credit card, or mobile wallet, consumers will have the choice and flexibility to pay for products with cryptocurrency and supported loyalty points across Cantaloupe’s nationwide network. The collaboration will enable Cantaloupe to offer consumers the ability to pay using the digital assets within the Bakkt App, starting with bitcoin and participating loyalty points.

“It’s often overlooked how much untapped digital assets are waiting for consumers to uncover, redeem and spend. Our partnership with Cantaloupe delivers a frictionless customer experience for consumers to use digital assets as they’re intended, and we’re delighted to introduce an innovative payment option that drives both merchant sales and moments of customer delight. Imagine being able to buy a snack at an airport with unused points that, until Bakkt, you didn’t know you still had,” said Bakkt CEO Gavin Michael.

Additionally, Bakkt will integrate into Cantaloupe’s consumer application as a preferred payment choice, and it will support new “Pay With Crypto” and “Pay With Points” experiences. The “Pay With Points” feature enables users to leverage their unused loyalty points as payment. The firm will facilitate new customer experiences at existing, unattended retail locations while accelerating the growth of enterprises to adopt digital assets as any fiat currency. Cantaloupe plans to add Bakkt-branded payment signage on all devices shipping from October 2021 onward.

“At Cantaloupe, we have a track record for being forward-thinking and pioneering the newest payment options that empower consumers to make purchases with any method they prefer. We view our partnership with Bakkt as a natural extension of our next-generation payments platform, further solidifying our place as the unattended retail industry innovator,” said Sean Feeney, CEO of Cantaloupe.

Launched in 2018, Bakkt is leading a new era of financial services innovation, focused on reimagining and unlocking the value of digital assets like rewards and loyalty points, gift cards, and cryptocurrency owned by Intercontinental Exchange (ICE). The company’s goal is to make all digital assets as liquid as any fiat currency.

Previous Article

May 07, 2021

Canadian Credit Unions select Fiserv to drive digital transformation

Read More
Next Article

May 07, 2021

Validus obtains $37.4m from Fasanara to boost SME lending in Singapore

Read More

IBSi Daily News Analysis


July 19, 2024


SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


UK Open Banking marks 10 million user milestone

Read More


Cash Plus goes live with Profile Software’s Finuevo Suite

Read More


OMS integrates GoCardless for smooth broker payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024