"Fold, a Bitcoin-first financial services company, announced today that it is tapping Stripe and Visa to power its forthcoming Fold Bitcoin Credit Card™, a product designed to make Bitcoin accumulation as simple as swiping a card. The partnership pairs Stripe's infrastructure with Visa's global payments network, combining scale, reliability, and security with a rewards system denominated entirely in Bitcoin."
"The card, which is set to launch later this year, offers up to 3.5% back in Bitcoin on every purchase, with a flat 2% back instantly and an additional 1.5% for users who pay off their balance through a Fold Checking Account. In addition, cardholders can earn up to 10% back at top retail brands such as Amazon, Target, Home Depot, Starbucks, and Uber through the Fold rewards network."
"From a consumer perspective, the Fold card could make Bitcoin accumulation easier and less intimidating. Instead of navigating exchanges, wallets, and private keys, users earn Bitcoin passively as they spend on ordinary purchases. This "earn first, learn later" approach has already proven effective in onboarding newcomers to Bitcoin, and the card's simplicity may further expand adoption."
Fold is launching the Fold Bitcoin Credit Card using Stripe infrastructure and Visa's global payments network, with rewards paid entirely in Bitcoin. The card will provide up to 3.5% back in Bitcoin on purchases: a flat 2% back instantly plus 1.5% more for users who pay their balance via a Fold Checking Account. Cardholders can earn up to 10% back at select retailers through the Fold rewards network. The product emphasizes a Bitcoin-only, simple, and transparent rewards model without tokens or staking. The card aims to make passive Bitcoin accumulation accessible to newcomers while leveraging Fold's prior debit, gift card, and shopping app experience.
Read at Bitcoin Magazine
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