Fold Teams With Stripe and Visa to Launch Revolutionary Bitcoin Rewards Card
Financial infrastructure giants Stripe and Visa just partnered with crypto rewards platform Fold to launch a card that pays Bitcoin on every purchase—bypassing traditional banking rewards entirely.
Cutting Out the Middleman
The collaboration integrates Fold's Bitcoin-back technology directly with Stripe's payment processing and Visa's global network. No more points conversions or mileage calculations—just instant Bitcoin accumulation with each swipe.
Active crypto users get up to 5% back in Bitcoin on selected categories, while everyday purchases yield a flat 1-2% return. Traditional banks still offer travel points that expire faster than avocado toast at a brunch spot.
This marks Stripe's most significant crypto move since re-entering Bitcoin payments last year, signaling major payment processors are finally embracing digital asset integration at scale.
While Wall Street still debates ETF approvals, Fold's card actually puts Bitcoin in consumers' wallets with every coffee run—proving real utility beats theoretical speculation every time.
What is a Bitcoin Card
A bitcoin rewards card functions similarly to traditional rewards cards, but instead of earning points or cashback, users accumulate cryptocurrency. The Fold card provides a reward of an unlimited two percent back in bitcoin on all purchases. These rewards are credited instantly to the user’s Fold account.
While crypto cards offer benefits like earning digital currency, they come with significant risks. Users face the standard dangers of a credit card, such as high-interest debt and damage to their credit score. Additionally, the cryptocurrency rewards themselves are subject to extreme volatility, meaning their value can change unpredictably, and may also be considered taxable income, adding a layer of financial complexity.
According to the company, this feature offers a direct path to bitcoin ownership without requiring users to interact with a cryptocurrency exchange. These and other strategies within the interaction between credit cards and crypto currency are already being explored by other finance players.
How Rewards Work
To earn the maximum 3.5% reward rate, the company specifies a key condition. Cardholders must pay off their credit card purchases using a Fold Checking Account. The total reward is a combination of the standard two percent back on purchases plus an additional 1.5% back when the balance is paid from the specific checking account. This structure suggests the card offers the most value to consumers who are prepared to use the broader Fold financial ecosystem for their banking needs.
For consumers, the card can be a useful tool and also indicates more options in the future. The collaboration between a crypto-focused company like Fold and established financial players like Stripe and Visa indicates a growing trend of integrating cryptocurrency into financial products of accumulating bitcoin through daily spending. However, achieving the card’s maximum reward potential is directly tied to a user’s commitment to the company’s checking services.
Also read: Stripe CEO Explains Enterprise Shift to Stablecoins
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