New Jersey-based Manasquan Bank, which will participate in the program offered by Bakkt Holdings, aims to enable its customers to buy, sell or hold cryptocurrencies if the Program is effective.
A press release said that the Bakkt Holdings project will be launched in the second quarter of 2022. Initially, the platform will provide an entry point for cryptocurrencies to be accepted only by Manasquan Bank’s retail customers. Once the early adoption program goes into effect, users will be able to buy, hold and sell BTC and alternative tokens via the bank’s mobile app.
“An Amazing Opportunity”
Sheela Zemlin, Revenue Manager of Bakkt Holdings, said that the opportunity her firm offers to Manasquan Bank customers is incredible, saying that Cryptocurrencies will become the center of the web3 economy, where people can participate in creating new value and exchange digital assets.
James Vacarro, CEO of Manasquan Bank, stated that his company is focused on providing new features to grow and enable customers to participate in the digital finance world. He said the collaboration with Bakkt Holdings comes at a time when customers are looking for ways to enter the cryptocurrency space.