Fold (FLD Customers notified Monday afternoon at dawn of a delay in the launch of their Bitcoin credit card.
Actions quickly fell more than 7% in the news.
“A key infrastructure partner unexpectedly came out of the credit card business, interrupting our planned deployment,” Fold said in an email to customers. “As a result, the launch of the Fold Bitcoin credit card is delayed as we make the transition to a new better aligned partner without long -term road map.”
The fold was made public to around $ 10 per share in February this year, but quickly fell below, playing in mid -April to $ 2.51. Actions are now changing from hands to $ 4.25.
