Fold Launches Bitcoin Rewards Credit Card Powered by Stripe and Visa Partnership

Fold (NASDAQ: FLD), a San Francisco-based fintech company specializing in Bitcoin rewards, launched its Bitcoin Rewards Credit Card in partnership with payment giants Stripe and Visa. The card operates on the Visa network and utilizes Stripe Issuing's infrastructure to deliver up to 3.5% cashback rewards paid in Bitcoin on everyday purchases.

The collaboration represents a significant expansion of Fold's existing relationship with Visa, which previously supported the company's debit card offerings. Fold Holdings Inc., traded on NASDAQ under the ticker FLD, announced the credit card launch as part of its broader strategy to accelerate Bitcoin adoption through mainstream financial products.

The Fold Bitcoin Rewards Credit Card targets consumers seeking to earn crypto rewards through traditional spending habits. Cardholders receive Bitcoin rewards automatically deposited into their Fold app accounts, where they can manage their crypto holdings alongside other financial services offered through the platform.

Stripe Issuing, the payment processor's card issuance platform, provides the technical infrastructure enabling Fold to offer credit card services without building its own payment processing systems. This partnership allows Fold to focus on its Bitcoin rewards mechanism while leveraging Stripe's established financial technology and compliance framework.

The credit card launch follows Fold's February 2025 announcement during its first quarter earnings report, where the company outlined plans to expand its Bitcoin rewards ecosystem. The timing coincides with growing institutional interest in Bitcoin and increased consumer adoption of crypto-based financial products.

Fold's ecosystem includes the Fold mobile app, which serves as a digital wallet and rewards platform, alongside its existing debit card offerings. The company has positioned itself as a bridge between traditional financial services and Bitcoin adoption, targeting users who want exposure to crypto without directly purchasing digital assets.

The partnership comes as traditional payment companies increasingly embrace crypto integration. Visa has expanded its digital currency initiatives across multiple partnerships, while Stripe has gradually reintroduced crypto payment capabilities after previously discontinuing Bitcoin support in 2018.

Industry observers note the collaboration reflects broader trends toward mainstream crypto adoption through familiar financial products. The credit card model allows consumers to earn Bitcoin rewards without navigating crypto exchanges or managing private keys directly, potentially lowering barriers to digital asset ownership. 

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