Fold Partners with Stripe and Visa for Bitcoin Rewards Credit Card
Fold (FLD) is launching a bitcoin-only rewards credit card in partnership with Stripe and Visa, providing users a way to earn bitcoin on everyday purchases.
The card will operate on Visa’s network utilizing Stripe Issuing's infrastructure.
At the time of publication, Fold shares were trading at $3.49, down 10%.
Cardholders can earn 2% back in bitcoin instantly, with an additional 1.5% when paying via a Fold Checking Account with qualified activity.
Shoppers can receive up to 10% back with select retail partners such as Amazon, Target, Home Depot, Starbucks, and Uber.
The credit card simplifies earning bitcoin without managing categories or staking tokens, according to Fold CEO Will Reeves.
Stripe views the partnership as significant for its consumer card-issuing product, enabling fintechs to offer payment tools without handling their own infrastructure.
Visa regards the collaboration as providing consumers a straightforward method to earn bitcoin through shopping.
Fold has already processed over $3.1 billion in transactions and distributed more than $83 million in bitcoin rewards.
The company holds nearly 1,500 bitcoin in its treasury.
