According to Goldman Sachs, the Fed rate cuts could be the perfect catalyst for Bitcoin adoption, aligning neatly with the Bitcoin halving.
Today kicks off user acceptance testing @ICE_Markets for the Bakkt Bitcoin Daily & Monthly Futures contracts
Testing is proceeding as planned with participants from around the world
— Bakkt (@Bakkt) July 22, 2019
The platform, backed by the Intercontinental Exchange (ICE), announced that user testing for daily and monthly futures contracts began yesterday.
Bakkt COO Adam White initially stated the launch of the testing in June, explaining:
“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US. This is no small step. This launch will usher in a new standard for accessing crypto markets.”
Comparing the launch of testing to the moon landing, White expressed the importance of the new endeavour:
“Bakkt may be a form of moonshot, but it’s grounded in an earthbound endeavor to support the future of finance and the adoption of blockchain technology. In its own way, Bakkt’s efforts to help institutions launch safely into this market is the right stuff for the future.”