TLDR
- Fold has launched a Bitcoin rewards credit card with support from Visa and Stripe.
- The card offers users up to 3.5% back in Bitcoin rewards on every purchase.
- Users earn 2% back instantly with an additional 1.5% when paying off their balance.
- Fold partners with major brands like Amazon, Home Depot, Starbucks, and Target for extra rewards.
- Visa and Stripe enable global access and seamless functionality for the Bitcoin rewards card.
Fold Holdings has launched a Bitcoin rewards credit card in collaboration with Visa and Stripe. This new card allows users to earn Bitcoin rewards on every purchase. The initiative aims to make Bitcoin more accessible to everyday consumers.
Bitcoin Rewards with Fold Credit Card
Fold’s new credit card offers users up to 3.5% back in Bitcoin rewards. Users earn 2% instantly with each purchase. The remaining 1.5% is given when cardholders pay off their balance through a Fold Checking account.
The card works seamlessly through the Visa network, ensuring users can use it anywhere Visa is accepted. Fold’s partnership with Stripe powers the card’s functionality, streamlining the reward process. Cardholders will receive Bitcoin rewards directly in their accounts with each purchase.
Partnerships with Major Brands Boost Rewards
Fold has partnered with popular retailers such as Amazon, Home Depot, Starbucks, and Target. Through these partnerships, users can earn additional Bitcoin rewards. Some transactions can offer rewards of up to 10%.
The collaboration with Visa and Stripe ensures users can easily access these rewards. Fold’s infrastructure supports this streamlined process, eliminating the complexity usually associated with Bitcoin rewards. Users no longer need to navigate crypto exchanges or stake tokens to enjoy the benefits.
Visa and Stripe’s Role in the Bitcoin Credit Card
Visa and Stripe’s involvement ensures the Fold card functions smoothly on a global scale. According to Cuy Sheffield, Head of Crypto at Visa,
“Visa is proud to be a part of this innovative solution.”
The card enables users to earn Bitcoin rewards on all eligible purchases, anywhere Visa is accepted.
Stripe’s Head of Money Management Product, Sateesh Kumar Srinivasa, echoed similar sentiments. He stated, “We are excited to power this groundbreaking product with Stripe Issuing.” Both companies play a crucial role in making the card user-friendly and widely accessible.
Fold’s CEO, Will Reeves, expressed pride in simplifying Bitcoin access. He noted that the card eliminates the complexity often found in traditional crypto reward systems.
“Our goal is to make Bitcoin available in the most seamless way possible,” Reeves said.
Expanding Bitcoin Adoption Through Everyday Spending
With the launch of this credit card, Fold aims to broaden Bitcoin’s adoption. Users can earn Bitcoin without needing specialized knowledge or managing crypto exchanges. Fold hopes to introduce millions to Bitcoin through daily spending.
By making Bitcoin rewards accessible on every purchase, Fold strengthens its mission to integrate Bitcoin into everyday financial transactions. The card reflects the growing trend of crypto integration into traditional financial systems.
This development follows similar initiatives by other companies, such as Gemini, which offers a similar Bitcoin credit card. Fold, however, stands out by simplifying the process, backed by Stripe and Visa, two major financial players.
