Fold Launches First Bitcoin Rewards Card with Visa and Stripe
Fold, a Bitcoin-focused financial services company, has launched a new credit card in partnership with Visa and Stripe. This card, the first of its kind, offers significant Bitcoin rewards and simplifies the process of adopting Bitcoin for mainstream users.
The Fold Bitcoin Rewards Card, powered by Stripe and Visa, provides users with up to 3.5% back in Bitcoin on purchases. This includes an instant 2% reward on every transaction. Users can earn up to 10% back in BTC at major retailers like Amazon, Target, Starbucks, Uber, and Home Depot.
The card requires no crypto expertise, exchange accounts, or token investments. It eliminates the need for users to understand seed phrases, wallets, or staking. Fold's strategy focuses on Bitcoin-native financial products, making Bitcoin accessible to the mainstream. Since its launch, Fold has processed over $3.1 billion in transactions and paid out over $83 million in Bitcoin to customers.
The new credit card, a collaboration between Fold, Stripe, and Visa, marks a significant milestone for Bitcoin adoption. It offers substantial rewards and simplifies the process for users, allowing Fold to access larger transaction volumes. Led by CEO Will Reeves, Fold continues to innovate in the Bitcoin financial services space.
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