List fold (FLD He said he was associating with Stripe and Visa (V) To launch its first Bitcoin only rewards card, providing users with a simple way to stack SAT in daily purchases.
The Fold Bitcoin credit card will be executed on the visa network and will use Stripe Issuing infrastructure, the company said in Tuesday’s press release.
The fold shares were 10% lower at the time of publication, quoting $ 3.49.
Cards holders will earn 2% in Bitcoin instantly, with an additional increase of 1.5% available when paying purchases through a checking account folding with qualified activity.
Fold says that buyers can also recover up to 10% return with the main retail partners, including Amazon, Target, Home Depot, Starbucks and Uber.
Our credit card offers a clear and convincing value and makes Bitcoin easily accessible to all, ”said Will Reeves, CEO and FOLD founder, in the statement.
“There are no categories to administer, there are no tokens to bet, there are no exchange or balance account requirements; only real bitcoin, automatically won with each purchase,” Reeves added.
Stripe described the association as a milestone for its new product issued by consumption card, designed to allow Fintechs to bring innovative payment tools to the market without administering its own infrastructure.
Visa cryptography, Cuy Sheffield, said collaboration offers consumers “a safe and simple way to win Bitcoin while buying.”
The fold, which already offers a debit card program, exchange and gift card of Bitcoin, has processed more than $ 3.1 billion in transactions and distributed more than $ 83 million in bitcoin rewards to date.
The credit card, says the company, is the next step to build a complete set of Bitcoin native financial services.
The fold has almost 1,500 bitcoin in its treasure.
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