Fold Holdings has begun issuing its Fold Bitcoin Credit Card to selected members of its waitlist, adding a consumer credit product to its broader bitcoin rewards and workplace payments business. The rollout builds on Fold’s previously disclosed four-year senior secured revolving credit facility with Encina Lender Finance, which can reach up to $150 million and is backed by consumer credit card receivables to support card growth without new equity issuance. Fold had previously said the Visa card, issued by Celtic Bank using Stripe Issuing infrastructure, is accepted at about 175 million merchants worldwide and offers 1.5% back in bitcoin on net purchases, with rewards potentially rising to 4% through boosts and other features. The new update confirms the card has moved into live issuance for selected users from the waitlist.