Based on Coindesk, Nasdaq-listed Fold (FLD) announced a partnership with Stripe and Visa to launch its first Bitcoin-only rewards credit card. The card, which runs on Visa’s network and uses Stripe Issuing’s infrastructure, allows users to earn Bitcoin rewards on everyday purchases. Cardholders will receive 2% back in Bitcoin instantly, with an additional 1.5% when using a Fold Checking Account. The company also noted that shoppers can earn up to 10% back with major retailers like Amazon and Starbucks. Fold CEO Will Reeves emphasized the card’s simplicity and accessibility, stating it requires no exchange accounts or staking. Stripe and Visa both praised the initiative as a step toward broader Bitcoin adoption. Fold has processed over $3.1 billion in transactions and distributed more than $83 million in Bitcoin rewards to date.
Fold Launches Bitcoin-Only Rewards Credit Card via Visa and Stripe
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.