The Capital: Visa and Startup Fold to Issue a Credit Card With Cashback in Bitcoin

  • Friday, 10 April 2020 09:35
By Marko Vidrih on The CapitalBitcoin receives support from Visa payment company, which joined the Fold startup to issue a credit card with a cashback in crypto, Bloomberg reports.Fold CEO Will Reeves said that Bitcoin users will be credited with up to 10% of purchases made using Fold and Visa credit cards. He believes that this can attract a new wave of consumers to the most popular cryptocurrency in the world.“People are not interested in spending Bitcoin right now, but are interested in accumulating it,” Reeves said in an interview. “If people don’t understand Bitcoin as money yet, they certainly will understand it as a better reward.”Reeves said the card will be released in July. He declined to name the banks that support the card.In February, the American cryptocurrency company Coinbase became a principal member of Visa. The company stated that this status made it “the first cryptocurrency company that was approved by Visa.”Author: Marko VidrihFeatured image credit: Foldapp.com/cardFintech MarksThe Capitalhttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefVisa and Startup Fold to Issue a Credit Card With Cashback in Bitcoin was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

Additional Info

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.

Our main goal is to make crypto grow by making news and information more accessible for the masses.