Fold aims to bring its bitcoin rewards card product to users around the world through this expansive partnership.
Fold, a Bitcoin rewards company, has announced that it will collaborate with Visa, which will become the exclusive global network partner for Fold’s prepaid debit products in North America, Europe and Latin American countries. The move aims to expand the reach of Visa’s first co-branded Bitcoin rewards debit card launched in spring 2020 to more Fold users around the world. The announcement comes as nearly $1 billion in transactions have been made through Fold since the launch of the Fold Visa debit card, and users have been rewarded with more than $30 million worth of bitcoins since the launch of the application.
Fold CEO Will Reeves said: “To meet the growing demand for Bitcoin inputs outside of the US, we are delighted to expand our engagement with Visa. We believe Bitcoin can be a powerful tool for people from everyone take control.” about your finances, and we are committed to making Bitcoin as easy and accessible as possible for everyone.” Cuy Sheffield, Visa’s director of cryptocurrency, commented: “We believe that digital currencies will play a role in the future of financial services and the movement of money. We are excited to work with Fold to create new ways for consumers to spend and interact with digital resources.”
The new engagement with Visa will allow Fold to expand the existing Fold Bitcoin Rewards debit card globally and empower existing local financial services companies to launch their bitcoin rewards and financial products through the bitcoin rewards and payments infrastructure. integrated fold.
Fold has aligned several traditional banks, fintechs, and consumer rewards programs in North America to take advantage of Bitcoin’s new integrated financial infrastructure and is seeking global partners to join in 2023. Global users are encouraged to sign up for the waitlist. early global access fold website.
Overall, the collaboration with Visa marks an important milestone for Fold as it looks to expand its user base globally and empower users around the world to take control of their finances using Bitcoin. The partnership will enable new ways for consumers to spend and interact with bitcoin.
