Fold Launches Visa Bitcoin Rewards Credit Card with Unlimited BTC Earnings
Fold Unveils Innovative Bitcoin Rewards Credit Card
Fold has introduced the Fold Bitcoin Rewards Credit Card, a pioneering financial product that allows users to earn Bitcoin (BTC) instead of traditional cashback or points. Launched in partnership with Visa, this card merges the convenience of a standard credit card with the unique opportunity to accumulate Bitcoin rewards.
Key Features of the Fold Bitcoin Rewards Credit Card
The new card offers several attractive features:
- Earn up to 2% in unlimited Bitcoin rewards on purchases.
- Receive bonuses of up to $250 for eligible users.
- Fold+ members enjoy enhanced benefits, including 2% unlimited Bitcoin rewards, higher bonuses, and a premium metal card.
Market Position and Competition
Fold's debit card has already processed over $2.5 billion in transactions, with users earning $75 million in Bitcoin rewards. The company aims to expand its reach with this credit card, competing with other crypto rewards cards like the Gemini Credit Card and Coinbase Card.
Strategic Partnership and Global Acceptance
Visa's extensive network ensures the card is accepted at millions of locations worldwide. This collaboration supports Fold's growth plans, including a potential Nasdaq listing.
Consumer Interest and Availability
Consumers can join the waitlist for early access to the Fold Bitcoin Rewards Credit Card, marking a significant step in mainstream Bitcoin adoption.
Fold's initiative underscores the growing integration of cryptocurrency into traditional financial systems, offering users a novel way to earn and save in Bitcoin.
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