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Fold Partners with Stripe to Launch Bitcoin Rewards Credit Card

Fold Partners with Stripe to Launch Bitcoin Rewards Credit Card

Fold’s partnership with Stripe and Visa brings a new Bitcoin rewards credit card, offering up to 10% rewards and no staking or exchange account required.

BTC

Fact Check
The statement is directly confirmed by a news source (Futunn News) which explicitly states the Fold Bitcoin Rewards card is 'Issued on the Visa network and powered by Stripe Issuing'. This is corroborated by Fold's own Privacy Policy, which directs users to review Stripe's policies in relation to the new card.
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Summary

Fold, in partnership with Stripe and Visa, has unveiled a Bitcoin rewards credit card that offers up to 10% rewards at select retailers. The card pays 2% Bitcoin back instantly, with an additional 1.5% when paying via Fold Checking. No staking or exchange accounts are required, and rewards are paid in Bitcoin automatically with each purchase. Fold also reported processing over $3.1B in transactions and distributing $83M in Bitcoin rewards.

Terms & Concepts
  • Bitcoin rewards credit card: A credit card that provides cashback or rewards denominated in bitcoin instead of fiat currency.
  • Stripe Issuing: Stripe’s platform for creating, managing, and powering payment cards and related infrastructure.
  • Visa network: Visa’s global payments network used to process card transactions securely and at scale.