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Revolution in purchasing: The new Bitcoin card from FOLD and VISA!
FOLD has introduced a Bitcoin reward credit card, which is supported by Visa and Stripe and offers up to 3.5% reimbursement.
Revolution in purchasing: The new Bitcoin card from FOLD and VISA!
FOLD recently introduced an innovative Bitcoin reward credit card, which is supported by the financial giants Visa and Stripe. This card offers a reimbursement of up to 3.5 % in Bitcoin (BTC) to all purchases and enables the card owners to earn up to 10 % of reimbursement of large retailers. Loud crypto.news So far, users have received over 83 million USD in Bitcoin rewards.
The new credit card removes staking and categorical restrictions and aims to establish Bitcoin as a widespread loyalty currency. Fold CEO wants to emphasize Reeves that the product is easy to use and no tokens, exchange accounts or accounting stands are required. Card owners benefit from unlimited 2 % recovery to every purchase, while the reimbursement can be increased to 3.5 % if the payment is made via a fold checking account with qualified activities.
Operating performance and market position
So far, FOLD has processed over $ 3.1 billion in transaction volume and is the first listed company in the area of Bitcoin financial services. The company also holds almost 1,500 BTC in its company treasury. This illustrates the leading role of FOLD in the cryptocurrency sector, especially in the provision of financial services based on Bitcoin.
The credit card uses the existing FOLD reward network, which enables users to receive high refunds from well -known retailers such as Amazon, Target, Home Depot, Uber, Starbucks and Doordash. The partnership with stripe and visa is not only a milestone for fold, but also underlines the growing interest and the investments of large companies in the cryptocurrency market.
Strategic movements of Visa and Stripe
This year, Stripe also increased its activities in the cryptocurrency sector and launched a blockchain project called Tempo. Visa, on the other hand, has expanded its crypto-linked card programs and processes an estimated $1 billion in stablecoin settlements annually. These developments show that the integration of cryptocurrencies into the traditional financial world continues to advance.
Overall, Fold positions himself with his Bitcoin reward credit card in a dynamic market that is increasingly shaped by innovative financial products and partnerships. While more and more consumers show interest in cryptocurrencies, this new card could play a crucial role in integrating Bitcoin into everyday life.