Fold and Visa Unveil Bitcoin Rewards Credit Card to Drive Crypto Adoption
Bitcoin rewards platform Fold has partnered with Visa to launch an innovative Bitcoin Rewards Credit Card, allowing users to earn BTC instead of traditional points or cashback. The new financial product aims to merge everyday spending with cryptocurrency accumulation, further propelling Bitcoin into mainstream finance.
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A New Era of Credit Card Rewards
Announced on February 11, the Fold Bitcoin Rewards Credit Card is designed to redefine traditional credit card benefits. Rather than accumulating airline miles or standard cashback, cardholders can earn up to 2% back in Bitcoin on every purchase. This initiative aligns with Fold’s vision of making Bitcoin the ultimate savings asset for everyday consumers.
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“This first-of-its-kind financial tool combines the convenience of a traditional credit card with the power of Bitcoin rewards,” Fold stated. The company aims to disrupt the existing rewards model, which processes approximately 1% of the U.S. GDP, by providing unlimited Bitcoin incentives to users. In addition to Bitcoin rewards, new cardholders can also qualify for up to $250 in bonuses.
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Exclusive Perks for Fold Members
Fold’s debit card products have already facilitated over $2.5 billion in transactions across 600,000 users, highlighting the growing demand for crypto-integrated financial services. The new Bitcoin Rewards Credit Card builds upon this success by offering two membership tiers:
- Standard Fold Members: Earn 1.5% unlimited Bitcoin rewards and up to a $100 bonus.
- Fold+ Members: Enjoy 2% unlimited Bitcoin rewards, up to $250 in bonuses, and access to a premium metal card that reflects their elite status.
To date, Fold has distributed nearly $75 million in Bitcoin rewards, an amount that would have equated to approximately $20 million in traditional cash-back earnings. The company sees this initiative as a natural extension of its mission to help users passively accumulate Bitcoin while engaging in everyday transactions.
Competing in the Crypto Rewards Space
Fold enters a competitive market, with several companies already offering crypto-based rewards credit and debit cards. Some notable competitors include:
- Gemini Credit Card
- Upgrade Bitcoin Rewards Card
- Coinbase Card
- Crypto.com Visa Card
- BitPay Card
However, Fold differentiates itself by offering a seamless integration with Visa’s extensive global payment network, allowing cardholders to use their Bitcoin Rewards Credit Card at millions of locations worldwide.
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A Strategic Partnership with Visa
Visa’s collaboration with Fold further cements the financial giant’s role in fostering crypto adoption. As major payment networks continue to integrate digital assets, Visa’s involvement ensures that Fold’s Bitcoin Rewards Credit Card is widely accepted and easy to use.
Additionally, Fold has ambitious plans for financial expansion, including a potential Nasdaq listing. The company currently holds over 1,000 Bitcoin, placing it among the top 25 publicly recognized entities with significant BTC holdings. This strategic positioning strengthens Fold’s credibility within the crypto space and enhances its appeal to investors and everyday consumers alike.
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How to Get the Fold Bitcoin Rewards Credit Card
Consumers interested in earning Bitcoin through their everyday purchases can join the waitlist for early access to the Fold Bitcoin Rewards Credit Card. With the increasing demand for crypto-friendly financial solutions, Fold’s latest offering could pave the way for broader Bitcoin adoption and a shift in how consumers perceive credit card rewards.
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By combining the convenience of a traditional credit card with the wealth-building potential of Bitcoin, Fold and Visa are setting a new standard for the financial industry. Whether users are crypto enthusiasts or newcomers looking for an alternative way to earn rewards, this new card provides an exciting opportunity to passively accumulate Bitcoin while making everyday purchases.
