Visa and Stripe Partner with Fold to Bring Bitcoin-Only Rewards Credit Card to Mainstream Shoppers
- Fold launches a Bitcoin rewards card with Visa and Stripe to offer up to 3.5% back on purchases.
- Users can earn Bitcoin instantly with each purchase and get higher rewards through Fold’s checking account.
- Fold processed over $3 billion and gave $83 million in Bitcoin rewards to its cardholders.
Fold has introduced a Bitcoin-only rewards credit card in collaboration with Visa and Stripe. The card allows users to earn Bitcoin on everyday purchases, directly through Visa’s network and Stripe’s issuing platform. The move targets wider adoption by making crypto rewards more accessible.
Fold said the card gives users 2% back in Bitcoin instantly on purchases. An additional 1.5% reward is available when payments are made through Fold’s checking account. Select merchants like Amazon, Home Depot, and Starbucks offer up to 10% in Bitcoin rewards.
Visa and Stripe Provide Key Infrastructure
The card runs on Visa’s global payments network. Stripe powers the issuing infrastructure through Stripe Issuing, enabling smooth integration without requiring direct program management. Both companies play a critical role in delivering the rewards system at scale.
Fold’s card differs from typical crypto reward programs. It does not rely on staking, tokens, or complicated redemption steps. Instead, it offers real-time Bitcoin rewards on transactions, making the process straightforward for users.
Visa continues to expand in the crypto space. The company has processed over $200 million in stablecoin settlements. Visa also works with banks and fintechs to develop tokenized payment products. Its Tokenized Asset Platform, launched in 2024, supports blockchain-based asset issuance and management.
Retail and Consumer Reach Expands
Fold users can benefit from additional Bitcoin rewards when shopping at retail giants like Target, Uber, and Starbucks. The company aims to encourage regular Bitcoin usage rather than speculative holding. This positions the card as a utility-based financial tool rather than an investment product.
Fold’s broader platform includes a debit card, exchange services, and a gift card program. In May, the company introduced a Bitcoin gift card to enable easier BTC transfers and purchases. The card is built using Fold’s proprietary technology and is integrated into its wider service ecosystem.
Fold’s Growth and Market Position
To date, Fold has processed over $3.1 billion in transaction volume. It has distributed more than $83 million in Bitcoin rewards. The company holds nearly 1,500 Bitcoin in its treasury. It filed an S-4 with the U.S. SEC in October 2024 and was listed on Nasdaq earlier this year.
Stripe also continues building its blockchain capabilities. It recently launched Tempo, a Layer 1 blockchain built for high-speed payments. Tempo supports over 100,000 transactions per second and uses fiat-denominated fees. Visa and Stripe are both design partners in this initiative. Fold shares were down 10% at press time, trading at $3.49.
