Bakkt Promised a $44 Trillion Payment Revolution — Its Key Acquisition Made Just €5,315
2h ago · 1 source
Bakkt, the crypto and digital payments company once backed by major institutional players, touted a massive vision for disrupting global payments. However, a closer look at one of its key acquisitions reveals staggeringly low revenue, raising serious questions about the company's execution and the gap between its ambitious promises and actual results.
WHY IT MATTERS
Imagine a company telling investors it's going to revolutionize how the entire world pays for things — a market worth $44 trillion — and then it turns out one of the companies they bought to make that happen earned less than what a lemonade stand might make in a good summer. That's essentially what happened here. Bakkt was supposed to be a big deal in crypto because it was backed by the people who run the New York Stock Exchange. This story matters because it shows how important it is to look beyond the hype and marketing in crypto. Just because a company has big-name backers and a flashy vision doesn't mean it's actually building something that works. For anyone new to crypto, this is a reminder: always look at what a company is actually doing, not just what it says it will do.
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