Bitcoin financial services company Fold Holdings announced Tuesday that its previously delayed BTC rewards credit card will run on the Visa network thanks to a team-up with financial infrastructure firm Stripe. But while Fold’s stock (Nasdaq: FLD) started off hot on the day, it quickly plunged.

The Fold Bitcoin Credit Card will let users accumulate Bitcoin through everyday spending, offering up to 3.5% back on all purchases with no spending categories or deposit requirements, the company said.

Users earn an unlimited 2% back instantly, plus up to 1.5% additional when paying through their Fold Checking Account. Enhanced rewards of up to 10% are available with major partners, including Amazon, Target, Home Depot, Uber, Starbucks, and hundreds of

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Author: Andrew Hayward