Bakkt chooses Thredd to power credit card-as-a-service programme settling in stablecoins

This partnership between Bakkt and Thredd signals a shift in how credit products are settled behind the scenes. Bakkt is launching a 'credit card-as-a-service' program that uses stablecoins for settlement. For most retailers, this means the infrastructure supporting consumer credit is becoming faster and more digital. While your customers still see a standard credit experience, the backend uses blockchain technology to move money. This technology aims to reduce the friction and costs associated with traditional banking rails. For operators, this is a sign that crypto-integrated financing is moving toward the mainstream. The use of Thredd’s AI-first processing platform suggests that future credit tools will be more customizable and quicker to deploy. If you are looking to offer branded credit cards or loyalty-linked financing, these next-gen 'as-a-service' providers are making it easier for non-financial businesses to launch their own programs. You don't need to be a bank to offer a credit line anymore. As these technologies mature, expect to see more flexible payment terms and potentially lower transaction fees for merchants who adopt these modern settlement paths.

Source: Finextra — Lending

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