Fold, the app that allows consumers to earn bitcoin when shopping at retailers, today announced that it has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with Visa.
Through Fast Track, Fold is now able to offer a co-branded Visa card that allows consumers to earn Bitcoin rewards. Consumers will be able to use the Fold card to spend dollars and earn Bitcoin back on every purchase made with the card.
“By joining Visa’s Fast Track program, exciting Fintechs like Fold gain unprecedented access to Visa experts, technology, and resources,” said Terry Angelos, SVP and Global Head of Fintech, Visa. “Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency.”
Announcing the first bitcoin rewards card from Fold and @Visa. Spend dollars and earn bitcoin on every swipe. Get on the waitlist 🙌 https://t.co/aqECInGu97 pic.twitter.com/YY2wkJILEc
— FOLD (@fold_app) April 9, 2020
Fold customers can decide whether to save, withdraw or spend Bitcoin earned from everyday spending. It can also be used to offset the cost of future purchases.
Fold CEO, Will Reeves, was clearly delighted at the announcement, hailing it as a way for new people to get involved in cryptocurrency.
He said: “The card provides an easy way for consumers to earn rewards in Bitcoin for their everyday spending. What we noticed is that plenty of people are interested in participating in the growing bitcoin economy but aren’t sure how to get started. Fold makes it easy for anyone to get their first piece of bitcoin when using the Fold card to earn bitcoin rewards on any purchase.”
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.