Fold Launches Bitcoin Rewards Credit Card With Stripe and Visa
Fold, a Bitcoin rewards platform, has launched a new credit card in partnership with Stripe and Visa. Users can now earn up to 3.5% back in Bitcoin on every purchase, with no crypto learning curve required.
The Fold Bitcoin Credit Card is powered by Stripe's consumer card-issuing business, eliminating the need for Fold to manage its own programs. Users receive an instant 2% back in Bitcoin on every purchase, with the potential to increase to 3.5% by using a Fold Checking Account to settle bills.
The card offers up to 10% back in BTC on purchases from major retailers like Amazon, Target, Starbucks, Uber, and Home Depot. This new layer for Fold is expected to drive higher transaction volumes and attract mainstream users, as no exchange accounts, reward categories, or token investments are needed to use the card.
Fold, led by CEO Will Reeves, has already transacted over $3.1 billion and paid out over $83 million in Bitcoin to customers since its inception. The company's strategy focuses on creating Bitcoin-native financial products to onboard everyday users without requiring crypto expertise.
The new Fold Bitcoin Credit Card, powered by Stripe and Visa, allows users to earn Bitcoin rewards on everyday purchases with no crypto knowledge required. With up to 3.5% back in BTC and no additional fees, the card is set to drive higher transaction volumes and attract more mainstream users to the Bitcoin ecosystem.
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