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1h ago

Fold Unveils Bitcoin-Only Credit Card Built With Stripe Issuing on Visa’s Network

Fold emphasizes a simple bitcoin-rewards experience, with pricing, underwriting plus launch details still undisclosed.

(stevepb/Pixabay)
Fold, stripe, visa launching bitcoin rewards credit card with up to 3.5% back

Overview

  • The card is slated to debut later this year and will run on Visa’s network using Stripe Issuing infrastructure.
  • Users earn 2% back in bitcoin instantly, with an additional 1.5% available when paying off purchases via a Fold Checking Account with qualified activity.
  • Partner offers promise up to 10% back at brands including Amazon, Target, Home Depot, Starbucks and Uber.
  • Fold markets the product as bitcoin-only with no tokens, staking tiers or exchange accounts, a message underscored by CEO Will Reeves.
  • Fold shares fell about 10% at publication time, while the company cites $3.1 billion processed, $83 million paid in bitcoin rewards and roughly 1,500 BTC in treasury.