Fold has announced the launch of its Bitcoin Rewards Credit Card in partnership with Visa, responding to user requests for a product that allows spending on credit while earning bitcoin. Fold+ members earn 2% back in bitcoin rewards, while standard Fold members earn 1.5%. The card comes with additional features like zero-fee bitcoin trading, exclusive merchant bonuses, and FDIC-insured accounts. Currently, Fold has 600,000 debit card users and aims to make bitcoin a standard for credit card rewards with this new offering.
This has been one of the most highly requested products, Mitch Port, General Manager for Credit and Loans at Fold, told Bitcoin Magazine. The majority of users like to spend on credit and earn in bitcoin.
A Fold Debit Card currently gets you access to an account from which you can pay bills, direct deposit fiat or automatically convert paychecks into bitcoin,
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