Earn Bitcoin (BTC) Rewards whenever you spend using Visa

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Fold, a crypto startup, has announced a new product which will allow users of their visa cards to receive between 1 to 2 percent in Bitcoin (BTC) rewards whenever they spend at any merchant worldwide that accepts Visa.

Fold will issue these cards from July 2020.

Fold and Visa Partnership

Fortune reports that the new service is distinctly different from what other providers have on offer.

In normal setups, firms such as Coinbase, for instance, allow account holders to spend their Bitcoin and supported cryptocurrencies straight from their visa cards.

However, in this case, users will spend fiat and instead of earning cash rewards, they will receive Bitcoin (BTC), the world’s most valuable cryptocurrency.

This, ultimately, will increase the demand for BTC, and cryptocurrencies because Visa has a presence in over 200 countries and supports millions of merchants.

Notably, accrued BTC can be spend either through the Fold app, or transferred to a third-party wallet where it can be traded, securely held, or spent.

Besides the demand expected, Bitcoin is a fluctuating asset whose prices remain volatile. While prices tanked in March, going forward—and considering the rate of adoption, there are more upsides than downsides.

Bitcoin (BTC) is Money and a High Performing Asset

This is an opportunity for users to hold a potent asset whose value may drastically rise, shaking off strains of Q1 2020.

While talking to Fortune, the CEO of Fold, Will Reeves said:

“Many people say, ‘what’s so great about Bitcoin rather than regular rewards?’ My answer is Bitcoin preserves the freedom and flexibility of cash, while giving you the upside of a high performing asset.”

On Twitter, Reeves adds that they chose Bitcoin because it combines “the freedom of cash with the upside of a high performing asset.

“Why Bitcoin rewards? Because Bitcoin combines the freedom of cash with the upside of a high performing asset.”

Interested users can apply for the card. By the time of press, there were over 1,600 applicants on their wait list.

Most are excited with this new product.

Crypto offers a product but rewards are in MCO.

Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies and enjoys the opportunity to help educate bitcoin enthusiasts through his writing insights and coin price chart analysis. Follow him at @dalmas_ngetich
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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