Revolutionizing Bitcoin Rewards: Fold’s New Credit Card
Fold just made earning Bitcoin as easy as swiping a card—no hoops, no juggling tokens, just real BTC with every purchase.
The company has launched a Bitcoin rewards credit card backed by Visa and Stripe, offering up to 3.5% back in BTC. This innovative product is set to disrupt the traditional rewards card market by providing a straightforward and accessible way to earn Bitcoin.
According to Fold, the new card removes staking and category restrictions, positioning Bitcoin as a mainstream loyalty currency. Cardholders can earn an unlimited 2% back in Bitcoin instantly on every purchase, with the potential to boost this rate to 3.5% by using a Fold Checking Account with qualified activity.
A Closer Look at Fold’s BTC Rewards
Beyond the flat rates, the card taps into Fold’s existing rewards network, offering up to 10% back at hundreds of major merchants, including Amazon, Target, Home Depot, Uber, Starbucks, and DoorDash. This network is poised to capture a significant portion of typical consumer expenditure, making the card an attractive option for those looking to earn Bitcoin rewards.
The launch of this credit card represents a strategic expansion for Fold, which has already established a considerable footprint in the bitcoin rewards space. The company has processed over $3.1 billion in transaction volume to date and has distributed more than $83 million in Bitcoin rewards to users through its existing products, including a Bitcoin debit card, an exchange, and gift cards.
Partnership with Visa and Stripe
The partnership between Fold, Visa, and Stripe highlights the growing role of payment processors in integrating digital assets. Stripe has been steadily re-entering the cryptocurrency market this year, launching its Tempo blockchain project in partnership with Paradigm and enabling USDC acceptance for Shopify merchants in collaboration with Coinbase. Visa, meanwhile, has leaned into crypto-linked card programs and expanded its stablecoin settlement operations, which now handle an estimated $1 billion in annualized volume.
As the first publicly traded bitcoin financial services company, Fold holds nearly 1,500 BTC in its corporate treasury, aligning its financial strategy directly with the success of its products and the adoption of Bitcoin. With the launch of this new credit card, Fold is poised to further cement its position in the bitcoin rewards space and make earning Bitcoin more accessible to a wider audience.
For more information on Fold’s Bitcoin rewards credit card, visit https://crypto.news/fold-visa-stripe-rolls-out-bitcoin-rewards-card/
