Fold Simplifies Bitcoin Earnings with New Credit Card
Fold has introduced a Bitcoin rewards credit card,making it easier than ever to earn BTC. Backed by Visa and Stripe, this card offers up to 3.5% back in Bitcoin on all purchases.
Cardholders can also earn up to 10% back at major retailers, expanding Foldās $83 million Bitcoin rewards ecosystem. The product removes staking and category restrictions, positioning Bitcoin as a mainstream loyalty currency.
On September 23, Fold announced the cardās launch. It aims to offer up to 3.5% back in Bitcoin on all purchases, bypassing the complexity of traditional rewards cards. CEO Will Reeves highlighted the cardās simplicity: āNo tokens to stake, no exchange account or balance requirements; just real Bitcoin, earned automatically.ā
reeves added,āOur credit card makes Bitcoin easily accessible to everyone. Itās simple enough for beginners but built with the openness and control early adopters expect.ā
Cardholders will earn an unlimited 2% back in Bitcoin instantly on every purchase. This can increase to 3.5% for users who pay their balance using a Fold Checking Account. The card also taps into Foldās existing rewards network, offering up to 10% back at major retailers like Amazon, target, and Starbucks.
This launch is a strategic move for Fold, which has already processed over $3.1 billion in transaction volume and distributed more than $83 million in Bitcoin rewards. The company also holds nearly 1,500 BTC in its corporate treasury.
payment processors like Stripe and Visa are increasingly integrating digital assets. Stripe has launched its Tempo blockchain project, while Visa has expanded its stablecoin settlement operations.