Fold’s Visa Bitcoin Rewards Card Powered by Stripe
Fold has launched a Visa-backed Bitcoin rewards credit card via Stripe Issuing that offers unlimited 2% back in BTC on all purchases and 3.5% back when balances are repaid through a Fold checking account. Cardholders also earn up to 10% back in BTC at partner merchants including Amazon, Target, Uber, Starbucks and DoorDash. This Bitcoin rewards card eliminates staking tiers and category restrictions, paying rewards directly in BTC to streamline crypto payments. Leveraging Stripe’s programmable infrastructure and Visa’s global network, Fold—trading under NASDAQ symbol FLD—aims to drive crypto adoption. To date, the firm has processed $3.1 billion in transaction volume, distributed over $83 million in BTC rewards, and holds nearly 1,500 BTC in its treasury.
Bullish
The launch of a Visa-backed Bitcoin rewards credit card via Stripe Issuing is a bullish indicator for Bitcoin. In the short term, the product can increase demand by incentivizing everyday spending in BTC, enhancing liquidity and transaction volume. The removal of staking tiers and category restrictions lowers entry barriers, attracting new users to hold and transact in Bitcoin. Long term, embedding Bitcoin in mainstream payment rails and partnerships with Visa and Stripe could drive broader retail adoption, strengthening Bitcoin’s utility as a currency rather than just a store of value. This mainstream utility boost, combined with Fold’s track record of processing significant volumes and holding BTC reserves, may underpin sustained upward price pressure on Bitcoin as market confidence grows.