Sullivan Bank Partners with Bakkt to Offer Crypto Services for Customers
August 24 2022 - 8:14AM
Business Wire
Sullivan Bank is enhancing customer experiences
via Bakkt to offer customers the opportunity to buy, sell and hold
cryptocurrency
Bakkt Holdings, Inc. (NYSE: BKKT) a digital asset platform that
unlocks crypto and drives loyalty to create delightful, connected
experiences for a broad range of clients, today announced that
Sullivan Bank has partnered with Bakkt to leverage Bakkt® Crypto
Connect to soon enable Sullivan Bank customers to buy, sell and
hold bitcoin and Ethereum.
“We are pleased to work with Sullivan Bank to offer their
customers the option to buy bitcoin and ether in their trusted
digital banking app,” said Mark Elliot, Head of Marketing &
Sales, Bakkt. “To make the experience seamless for Sullivan Bank
and its customers, we provide the full strength of Bakkt’s platform
including compliance, tax reporting, educational resources and
customer care.”
“We are excited to provide opportunities for customers to access
a growing and increasingly in-demand asset class with peace of mind
with regard to security and regulation,” said Mallory Farrell,
Chief Operating Officer. “Bakkt’s innovative platform will
facilitate this new capability within our existing banking platform
and customers will be able to view their crypto balance alongside
their checking and savings balance all in the same place.”
Founded in 1895, Sullivan Bank serves their communities with the
mission to build strong customer relationships, improve services
and explore new opportunities for customers. This partnership with
Bakkt falls in line with Sullivan Bank’s mission to bring new
opportunities to their SulliFam and better serve their needs and
increase engagement.
Given the current landscape of increasing interest in
cryptocurrency, Bakkt® Crypto Connect offers financial institutions
the tools to meet consumer demand and provides crypto access to
customers without leaving their banking institution.
Crypto assets are not FDIC insured products and may lose
value.
About Bakkt:
Bakkt is a digital asset platform that unlocks crypto and drives
loyalty to create delightful, connected experiences for a broad
range of clients. Bakkt’s platform, available through the Bakkt App
and to partners, amplifies consumer spending and bolsters loyalty
programs, adding value for all key stakeholders within the Bakkt
payments and digital assets ecosystem. Launched in 2018, Bakkt is
headquartered in Alpharetta, GA. For more information, visit:
https://www.bakkt.com/ | Twitter @Bakkt | LinkedIn
https://www.linkedin.com/company/bakkt/
About Sullivan Bank
Sullivan Bank is a comprehensive financial institution, founded
in 1895. They accredit their long and ongoing success to their
Step-Up in SERVICE customer experience and their Core Values. They
understand the important role that they play in their employees and
customers lives and aim to create a culture that embodies loyalty
and service. To do that, they have included anyone affiliated with
the bank to be part of their SulliFam. Creating a family with the
friendliest faces and the most competitive products, that is what a
Step-Up in SERVICE is all about.
For more information, visit: https://www.sullivanbank.com/
Bakkt-C Source: Bakkt Holdings, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20220824005165/en/
Bakkt Media Contact: Lauren Post, VP – Communications
Lauren.Post@bakkt.com
Sullivan Bank Press Contact: Jessica Kraus – Marketing
Director jkraus@sullivanbank.com
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