Fold Joins Forces with Stripe for a Bitcoin Rewards Card-Who Needs Traditional Points Anyway?

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Markets

What to know:

  • Fold has chosen Stripe to help power its revolutionary bitcoin rewards credit card (because why not add crypto to your wallet?).
  • Cardholders will snag an instant 2% bitcoin reward on every purchase, with the exciting possibility of a 3.5% reward-just in case you’re feeling extra lucky.
  • No pesky staking, categories, or exchange account nonsense; rewards are deposited in bitcoin automatically, no sweat.

In a plot twist no one saw coming, Nasdaq-listed Fold (FLD) has teamed up with Stripe and Visa (V) to roll out its first-ever bitcoin-only rewards credit card. This is what happens when the old world of shopping meets the future. 🛍️💸

The Fold Bitcoin Credit Card will be powered by Visa’s global network and Stripe Issuing’s rock-solid infrastructure. It’s so secure, you might just consider leaving your traditional card at home. 📲

At the time of writing, Fold’s stock is taking a bit of a tumble (down 10%, trading at $3.49)-but don’t worry, your bitcoin rewards are still guaranteed. 📉💰

Cardholders will earn 2% back in bitcoin instantly, and if you play your cards right (pun intended), you might even score an additional 1.5% if you settle up via a Fold Checking Account with the right kind of activity. Talk about “getting paid” the future way! 🔮

And wait for it… customers can potentially earn up to 10% back with top retail partners like Amazon, Target, Home Depot, Starbucks, and Uber. So yes, your next Uber ride *could* come with a side of bitcoin. 🏙️🚗

“Our credit card offers clear and compelling value and makes bitcoin easily accessible to everyone,” said Will Reeves, Fold’s CEO and founder. Translation: It’s about time your everyday purchases got the crypto treatment. 🏦

Reeves also quipped, “There are no categories to manage, no tokens to stake, no exchange account or balance requirements; just real bitcoin, earned automatically with every purchase.” Finally, a reward system that doesn’t require a PhD to figure out. 🎓💳

Stripe has, naturally, called this partnership a “milestone” for its consumer card-issuing product, which helps fintech companies bring innovative tools to the market without needing to set up their own infrastructures. How very convenient. 🛠️

Visa’s crypto lead, Cuy Sheffield, chimed in to assure us that this collaboration gives consumers “a safe, simple way to earn bitcoin as they shop.” If only earning traditional rewards were this simple. 🍾

Fold, which has already been in the game with its bitcoin debit card, exchange, and gift card program, has processed a jaw-dropping $3.1 billion in transactions and distributed over $83 million in bitcoin rewards. But who’s counting? Oh right-everyone. 🤑

The new credit card, Fold says, is just the beginning. It’s all part of the grand plan to build a full suite of bitcoin-native financial services. Who needs the old-school banking system when you’ve got this kind of power? 🚀

And just to sweeten the deal, Fold is sitting pretty with almost 1,500 bitcoin in its treasury. So, if you needed further confirmation that this company is serious about its future, here you go. 💰

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2025-09-23 17:52