Fold Launches Bitcoin Credit Card in Collaboration with Stripe and Visa!

Jakarta, Pintu Market – The announcement of the launch of a Bitcoin Rewards Credit Card by Fold Holdings Inc (NASDAQ: FLD) in collaboration with Stripe and Visa has caught the market’s attention. Although the product offers attractive Bitcoin (BTC) returns, the company’s stock has seen a sharp decline.

This article will dig deeper into the product launch, strategic partnership with Stripe and Visa, and its impact on the company’s share value.

Strategic Partnerships with Stripe and Visa

Fold Holdings has announced a partnership with Stripe and Visa to launch a new Bitcoin Rewards Credit Card. Stripe, which provides the backend infrastructure, and Visa, as the issuing network, enable the card to be widely accessible and reliable.

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Sateesh Kumar Srinivasan, Head of Money Management Products at Stripe, stated that this partnership is a model for launching innovative financial products without the need to manage the program directly.

Visa, through their Head of Crypto, Cuy Sheffield, emphasized that the combination of Fold’s Bitcoin rewards and Visa’s scale and security provides a safe and simple way for consumers to earn Bitcoin while shopping. The card allows cardholders to earn Bitcoin anywhere Visa is accepted, promising ease and security in transactions.

Bitcoin Credit Card Features and Benefits

Fold’s Bitcoin Rewards Credit Card offers up to 3.5% back in Bitcoin on every purchase.

In addition, cardholders can earn up to 10% back with brands in their rewards network, including Amazon, Target, Home Depot, and Uber Eats. This provides an opportunity for users to build long-term wealth through the gradual accumulation of Bitcoin.

Fold has also established itself as a key player in the industry with over $3.1 billion in transaction volume and over $83 million distributed in Bitcoin rewards. With over 1,492 BTC on its balance sheet, Fold emphasizes its commitment to the Bitcoin ecosystem.

Read also: What is a Crypto Hot Wallet? Here’s What You Need to Know!

Impact on Share Value

Despite the enthusiasm for the new product launch, Fold Holdings shares fell more than 14% on the day of the announcement.

The stock, which opened at $3.88, closed at $3.31 on significant volume. This decline comes amid broader bearish sentiment in the cryptocurrency market, which also reflects Bitcoin’s (BTC) price decline of more than 4% in the past seven days.

This decline shows that despite product innovation, external factors such as cryptocurrency market conditions can have a significant impact on share value. It also highlights the risks associated with companies whose operations are highly dependent on the price of cryptocurrencies such as Bitcoin.

Overall, the launch of the Bitcoin Rewards Credit Card by Fold Holdings, in collaboration with Stripe and Visa, is an innovative step in the financial industry.

Despite offering many benefits to users, the market reaction to the company’s stock value shows that there are still challenges and uncertainties in the adoption of cryptocurrency-based financial products.

Going forward, it will be interesting to see how Fold adjusts its strategy in the face of cryptocurrency market fluctuations.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Fold Launches Bitcoin Credit Card with Stripe and Visa Partnership. Accessed on September 25, 2025
• Fold Holdings to Launch Bitcoin Credit Card with Stripe Visa Partnership. Accessed on September 25, 2025