All transactions automatically grant rewards in BTC.
Stripe guarantees card issuance, while Visa provides global coverage.
Fold, the firm dedicated to financial services in Bitcoin (BTC), presented its new credit card that rewards users every time they make a purchase. With this product the company seeks to make more accessible to the digital currency, integrating it directly into the daily expense of its customers.
The card, which works on the Visa network and uses Stripe infrastructure, does not require categories or deposits: all expenses automatically generate 2% in Bitcoin, in addition to 1.5% extra when paying from the FOLD account. In total, Each purchase can generate up to 3.5% of bitcoin as a reward.
For fold, this card offers a simple and direct way to access Bitcoin, without complications such as additional tokens or exchanges restrictions. The company ensures that it is designed for both those who begin in cryptocurrencies and for experienced users seeking transparency and control over their rewards.
In a releaseWill Reeves, CEO and founder of FOLD, said: «Our credit card offers a clear and attractive value, and facilitates access to Bitcoin for all. There are no categories to manage or tokens to bet; Real BTC only, which is automatically earned with each purchase. It is quite simple for those who start, but it is designed with the transparency that the first users expect.
The alliance with Stipe simplifies the issuance and administration of the cardwhile Visa guarantees global scope, allowing its use in any trade that accepts this network. With this launch, Fold expands its product ecosystem, which already includes debit cards with bitcoin rewards, cryptocurrency exchange platforms and gift cards.
The truth is that Visa’s interest in the world of cryptoactive dates from a while ago. As Cryptoics reported, a few months ago the company made public its association with Bridge, a firm specialized in Stablecoins acquired by Stripe, to enable cards that allow you to use balances in stable cryptocurrencies for daily purchases in more than 150 million businesses worldwide.
In this way, thanks to a unique integration via API, the company announced that the issuers could connect their cards with the Stablecoins network quickly, while the funds automatically become local currency in each payment, without complications for shops.