Bitcoin rewards platform Fold has teamed up with Visa to launch a new credit card that lets users receive Bitcoin rewards instead of regular cashback and points. This credit card program adjusts rewards rules to let users earn Bitcoin instead of regular rewards.
Through its Bitcoin Rewards Credit Card Fold wants to promote BTC as financial security and wants to create better rewards alternatives to the 1% of the United States economy that rewards programs control. This card gives users BTC rewards at 2% unlimited and $250 cash bonuses, unlike regular cashback and travel reward cards. The company stated:
“The card redefines traditional points, miles, and cashback credit card rewards programs, some of which process ~1% of US GDP, by offering up to 2% unlimited BTC rewards and up to $250 in bonuses.”
Earn Unlimited Bitcoin Rewards with Fold’s Credit Card
According to Fold the new product will let users access BTC rewards just like regular credit cards while making BTC the best savings tool for every American.
Fold achieved business success through its debit card services which processed $2.5 billion in payments across 600,000 users. The company gives $75 million BTC rewards that turns into a cash value of $20 million when redeemed.
By using the new Fold credit card members gain 1.5% BTC rewards without limits plus up to $100 bonus. Fold offers its Fold+ members an exclusive metal card along with 2% unlimited BTC rewards and their choice of $50 and $250 bonus benefits.
Visa Partnership Expands Fold’s Global Reach
The Fold BTC Rewards Credit Card joins various major payment cards that dominate the sector already such as the Gemini Credit Card and Bitpay Card. Their agreement with Visa makes it easy to earn BTC rewards as their card works at one million locations around the world.
Through its partnership with Visa, Fold supports its efforts to expand into financial services, including listing itself on the Nasdaq. As one of the top 25 companies holding BTC in public stocks, the business owns about 1000 BTC tokens.
Fold Holdings to Debut on Nasdaq Following Merger
Fold approaches the final phase of its merger transaction with FTAC Emerald Acquisition Corp, which serves as a special-purpose acquisition company sponsored by Cohen Circle. The companies plan to convene their stockholders on February 13 to make a decision about merging.
The business merger should end in a few days as Fold Holdings will arise with common stock and warrants for trading on the Nasdaq market platform.
Fold stays on track to connect cryptocurrency technology with standard bank practices as it keeps expanding. People who prefer rewards beyond money will quickly adopt Bitcoin-backed credit cards when more shoppers start using them today.
Conclusion
Fold introduces an important connection between Bitcoin and conventional financial services through their BTC Rewards Credit Card. Through their combined services, Fold gives people regular access to digital assets and BTC. Fold wants to change financial saving methods through its partnership with Visa and plans to list on Nasdaq to make BTC more useful for daily spending.
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FAQs
1. What is the Fold Bitcoin Rewards Credit Card?
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A Visa-backed credit card that lets users earn BTC instead of cashback or points.
2. How much Bitcoin can I earn?
Fold members earn 1.5% BTC rewards, while Fold+ members get 2% and up to $250 in bonuses.
3. Where can I use the Fold card?
Anywhere Visa is accepted—millions of locations worldwide.
4. Is Fold going public?
Yes, after merging with FTAC Emerald Acquisition Corp, Fold will be listed on Nasdaq.
Glossary of Key Terms
Bitcoin Rewards Card – A credit card that gives Bitcoin instead of cashback.
Fold – A platform offering BTC rewards on card transactions.
Visa – A global payment network supporting Fold’s card.
Fold+ – A premium membership with higher BTC rewards.
Nasdaq – A stock exchange where Fold plans to list.
FTAC Emerald Acquisition Corp – A SPAC merging with Fold to take it public.
SPAC – A company created to merge with another and go public.
References
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