Digital asset ecosystem Bakkt has recently hired a former Google consultant to assist its crypto product project.
The firm made its move since the pressure to release crypto product increases. Earlier, Bakkt has received $182 million in funding from investors to develop Bakkt Pay, a digital asset wallet.
According to The Block, the newly hired Google consultant was originally from UX Consulting team. He is expected to support and ensure the smooth rollout of Bakkt Pay. As a wallet for digital assets, the product will help users store, trade and purchase digital currencies.
Bakkt Pay has been backed by major investors such as Galaxy Digital and CMT Digital. Therefore, there is a lot of pressure to release a product soon.
The wallet is speculated to launch in the next few months. The firm is said to be in good timing since Bitcoin is currently gaining back its popularity in the market.
Recently, Bakkt has reportedly made public the members of its new board, which will be chaired by long-time cybersecurity expert and serial startup entrepreneur Tom Noonan. The CEO also highlighted security as being amongst the key building blocks – along with infrastructure, and regulatory clarity – to build trust and support the growth of blockchain technology to serve the people.