Partnership Between Sullivan Bank and Bakkt

    Bakkt, a digital asset platform that unlocks crypto money and increases loyalty to create satisfying experiences for a wide range of customers, announced its partnership with Sullivan Bank.

Sullivan Bank has partnered with Bakkt to Offer Crypto Services to customers. Sullivan Bank aims to take customer satisfaction to the next level through Bakkt to provide its customers with the opportunity to buy, sell and hold cryptocurrency.

    Quote from Manangment

    ”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 their crypto banking platform alongside our existing customers will be able to view their balance and balance checking and savings all in the same place.”

    About Sullivan Bank

Established in 1895, Sullivan Bank serves its community within the framework of certain principles; building strong customer relationships, improving services and discovering new opportunities for customers. This partnership with Bakkt seems to be quite in line with the principles of Sullivan Bank. To bring new opportunities to their SulliFams and better serve their needs and increase engagement.

Given the current landscape of growing interest in cryptocurrency, we can see that this partnership is a need. Bakkt Crypto Connect provides financial institutions with tools to meet consumer demand and provides customers with crypto access without leaving banking institutions.

    Crypto assets are not FDIC insured products and may lose value.

    About Bakkt

Bakkt is a digital asset platform that unlocks cryptocurrency and encourages loyalty to create enjoyable, connected experiences for a broad spectrum of customer audiences.

    References

    https://investors.bakkt.com/news/news-details/2022/Sullivan-Bank-Partners-with-Bakkt-to-Offer-Crypto-Services-for-Customers/default.aspx

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