Bakkt aims to turn your rewards points into a wallet you can spend anywhere
Wouldn’t it be great if you could open a digital wallet and view the sum total of all your rewards programs for hotels, pharmacies, and bank cards, all in one place, converted into cash? Then, you could spend all those thousands of unused airline miles as dollars to buy an Apple watch or take your spouse to dinner at the corner pizzeria. Loyalty points you don’t even know you have—the average American has more than a dozen rewards programs—are suddenly as spendable as the bucks in your checking account, just by scanning your rewards app at the checkout counter. What’s more, you can even get cash for video game points you could use only to buy, say, a sword to make your team mightier, and trade points for your Bitcoin on the same wallet.