Fold, a Bitcoin rewards company, is partnering with Visa to become their exclusive global network provider for their prepaid debit and credit products. Through the collaboration, users will now have the opportunity to use the Fold Visa Debit Card, which was launched in 2020, worldwide. To date, the app has transacted around $1 billion in transactions and users have been rewarded over $30 million in Bitcoin.

Fold's CEO, Will Reeves, believes that the partnership can help make Bitcoin more accessible and easier to use. Cuy Sheffield, the head of cryptocurrency at Visa, believes digital currencies will become an important part of financial services and money movement. Both companies hope this is a step to welcoming in a new digital age of financial services.

The new collaboration with Visa will provide Fold with the opportunity to expand their existing Bitcoin rewards debit card while giving local financial service companies the means to launch their own Bitcoin reward and payment systems. Fold already has banks, fintechs, and consumer rewards programs partnered up in North America and will be opening the waitlist for global access in 2023.

Offering a new method for Bitcoin users to engage and spend their money, the partnership between Visa and Fold is a major milestone for both companies. It opens up the potential for more people to access and take control over their finances using Bitcoin. Through the new collaboration, Fold aims to expand their reach and make Bitcoin more available for everyone.



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