Fold He recently announced that he will launch his bitcoin Rewards credit card in association with Visa.
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Introduction of Fold bitcoin Rewards credit card
It is worth being a folding+ credit card holder
2% unlimited bitcoin rewards
Up at $ 250 welcome bonus
Free metal card
Join and go to the top of the waiting list. $ 200,000 of prizes wait!
REGISTRATION AND BLOG LINK pic.twitter.com/ksrvkagxqa
– Double bitcoin (@fold_app) <a target="_blank" href="https://twitter.com/fold_app/status/1889358743969698136?ref_src=twsrc%5Etfw”>February 11, 2025
Card rewards will vary according to Double the level of membership. FOLD+ members will win 2% return in bitcoin Rewards and up to $ 250 in bonds that will be paid to reach specific levels of activity, while fold members will earn 1.5% in rewards and up to $ 100 in bonds.
Card holders will get access to a set of financial services through the FOLD application, including the ability to exchange bitcoin with zero rates and take advantage of exclusive bonuses of partner merchants. The application also provides access to transactional accounts secured by the FDIC and the insured custody of bitcoin.
The fold is carrying this new product to the market largely due to the applications of current users.
“This has been one of the most requested products,” said Mitch Port, general credit manager and loans in Fold, to bitcoin magazine. “Most users like to spend in credit and win in bitcoin.”
Port also pointed out that this new credit card is the new incorporation into the set of products that are already folded.
“A fold debit card currently provides access to an account from which you can pay bills, deposit directly to the Fiat or automatically convert payment checks into bitcoin,” he said. “Adding a credit card is a great addition to users who prefer to spend in credit instead of an existing balance.”
The fold currently has 600,000 users who have earned approximately $ 75 million in bitcoin rewards (which would have been $ 20 million if the rewards are distributed in US dollars). With the combination of its current user base and this new credit card, Fold hopes to make bitcoin the new standard for credit card rewards.
“Fold has already trained hundreds of thousands of users to incorporate bitcoin into their daily lives,” said Fold's founder and CEO, Will Reeves, in a press release shared with bitcoin magazine.
“With this credit card, our goal is to dethrone miles as a credit card reward. If the upper miles cards can process 1% of the US GDP, we trust the FOLD bitcoin REWARDS Credit Card can reach the same heights, ”he added.
“We are building the Center for Personal Finance, driven by bitcoin, to ensure that everyone has the tools to win, save and grow their wealth with bitcoin every day.”
Fold is broadcasting this new credit card as the company prepares to list in NASDAQ as the first bitcoin Financial Services Company that quotes on the stock market. The fold also has a treasure of the 25 main among public companies, since it has more than 1,000 bitcoin in its reserves. His initiative to accumulate bitcoin aligns with his mission of making bitcoin the cornerstone for personal savings for millions of Americans.
Those interested in obtaining a bitcoin Rewards credit card from Fold can join the waiting list here.
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