Are you ready to revolutionize how you earn Bitcoin? Fold, a pioneer in Bitcoin financial services, has exciting news to share. They've joined forces with Stripe and Visa to bring you the Fold Bitcoin Credit Card. This innovative product aims to simplify Bitcoin accumulation with just a swipe of a card.
The Future of Rewards Cards
Maximizing Bitcoin Rewards
Launching later this year, the Fold Bitcoin Credit Card promises up to 3.5% back in Bitcoin on every purchase. You'll enjoy an instant 2% back and an extra 1.5% if you settle your balance through a Fold Checking Account.
Exclusive Rewards Network
As a cardholder, you can earn up to 10% back at major retailers like Amazon, Target, and Starbucks through the Fold rewards network. Unlike other crypto rewards cards, Fold keeps it simple with a 'Bitcoin-only' approach, making it transparent and easy to use.
Simplifying Bitcoin Accumulation
The Easiest Way to Earn Bitcoin
Imagine effortlessly earning Bitcoin while doing your everyday shopping. With the Fold card, you can accumulate Bitcoin without the hassle of exchanges or private keys. It's a seamless experience that makes Bitcoin accessible to everyone.
A New Era of Bitcoin Adoption
By offering a straightforward and valuable product, Fold aims to make Bitcoin mainstream. The user-friendly approach of the Fold credit card can attract newcomers to Bitcoin and accelerate its adoption.
Embracing Bitcoin in Everyday Finance
From Debit Cards to Credit Cards
Fold has been at the forefront of integrating Bitcoin into traditional finance. Starting with Bitcoin rewards debit cards and gift cards, Fold has now elevated its game with the Bitcoin Credit Card in partnership with Stripe and Visa.
Industry Leaders' Endorsement
Stripe and Visa are excited about this collaboration. Sateesh Kumar Srinivasan from Stripe and Cuy Sheffield from Visa see the potential in Fold's Bitcoin rewards. This strategic partnership aims to provide consumers with a secure and easy way to earn Bitcoin.
The Future of Bitcoin Rewards
A New Era of Bitcoin Adoption
By offering a seamless way to earn Bitcoin, Fold's credit card could revolutionize how we think about cryptocurrency. If successful, this initiative could make earning and saving Bitcoin a routine part of our daily lives.
Ready to start stacking Bitcoin with the Fold Credit Card? Stay tuned for the latest updates on this groundbreaking innovation. The future of Bitcoin rewards is here!
This post Fold Taps Stripe and Visa in Launch of First Bitcoin-Only Credit Card first appeared on Bitcoin Magazine.
Frequently Asked Questions
What are the pros and cons of a gold IRA?
The gold IRA is a great way to diversify your portfolio, but you don't have access the traditional banking services. It allows you invest in precious metals like platinum, silver, and gold without any taxes, until they're withdrawn.
The downside is that early withdrawals will result in ordinary income taxes on earnings. However, creditors will not be able to seize these funds if you default on your loan.
So if you like owning gold without worrying about taxes, a gold IRA may be right for you.
What is a Precious Metal IRA and How Can You Benefit From It?
Precious and precious metals are excellent investments for retirement accounts. Precious metals have been around since Biblical times and still hold their value today. You can diversify your portfolio by investing in precious metals, such as gold, platinum, and silver.
Certain countries permit citizens to hold their money in foreign currencies. You can buy gold bars in Canada and keep them at home. Then, when you go back to visit family, you can sell those same gold bars for Canadian dollars.
This is a simple way to make investments in precious metals. This is especially helpful if you don't live in North America.
Are precious metal IRAs a good investment?
How much risk you are willing to take for an IRA account's value loss will determine the answer. If you have $10,000 cash, they make sense as long as you don’t expect your IRA account to grow rapidly. They may not be the best investment option for you if your goal is to save money over many decades and to invest in assets with a high likelihood of increasing in value (gold). These investments can also be subject to fees that could reduce any gains.
Are gold IRAs a good place to invest?
You can invest in gold by purchasing shares in companies that mine it. This is a good way to make money when you invest in gold and other precious metals like silver.
Two drawbacks exist when you own shares directly.
First, you can lose money by holding onto your stock for too long. Stocks that fall are less than their underlying asset (like silver) and can end up losing more money. That means you could end up losing money instead of making it.
Second, you may miss out on potential profits if you wait until the market recovers before selling. So you may need to be patient and let the market recover before you profit from your gold holdings.
You can still enjoy the benefits of physical gold if your investments are separate from your finances. A gold IRA can help diversify your portfolio and protect against inflation.
Visit our website for more information on gold investing.
Statistics
- You can only purchase gold bars of at least 99.5% purity. (forbes.com)
- To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (stratatrust.com)
- The IRS also allows American Eagle coins, even though they do not meet gold's 99.5% purity standard. (forbes.com)
- Silver must be 99.9% pure • (forbes.com)
External Links
en.wikipedia.org
investopedia.com
regalassets.com
wsj.com
How To
Precious metals approved by the IRA
IRA-approved valuable metals can be great investments. There are many options available to diversify and protect your portfolio from gold bars through silver coins.
Two main types of investment products in precious metals are available. Physical assets such as coins and bars are called physical bullion because they can be physically accessed. ETFs, on the other hand are financial instruments that track price movements of an underlying asset such as gold. ETFs can be purchased directly from the company issuing them, and trade in the same way as stocks on stock exchanges.
There are many kinds of precious metals you can buy. While gold and silver are used in jewelry making and decoration, platinum and palladium are most commonly associated with luxury products. Palladium is more stable than platinum and therefore better suited for industrial purposes. While silver can be used for industrial purposes, it is more commonly preferred for decorative purposes.
Due to the high cost of refining and mining raw materials, physical bullion products are more expensive. These products are generally safer and more secure than paper currencies. One example is that consumers could lose trust in the currency, and may look for other currencies if the U.S. Dollar loses its purchasing power. Contrary to this, physical bullion does not rely on trust among countries or between companies. Instead, they have the backing of central banks and governments. This gives customers confidence.
Demand and supply affect gold prices. In other words, demand drives the price up. However, supply is greater than demand and prices fall. This dynamic creates opportunities for investors to profit from fluctuations in the price of gold. Because they are able to receive higher returns on their investments, physical bullion product owners benefit from fluctuations in the price of gold.
Contrary to traditional investments, precious metals can not be affected by economic recessions and interest rate changes. As long demand is strong, gold prices will continue to climb. Precious metals are safe havens in times of uncertainty because of this.
The most widely used precious metals include:
- Gold – This is the oldest kind of precious metal. It is often called “yellow gold”. While gold is a well-known element, it is very rare to find underground. Most of the gold reserves in the world are located in South Africa.
- Silver – After gold, silver is the second most precious precious metal. Silver is also mined from natural resources, just like gold. However, silver is usually extracted from ore and not from rock formations. Silver is widely used in both industry and commerce due to its durability, conductivity and resistance against tarnishing. The United States produces over 98% of all global silver production.
- Platinum – Platinum is the third most valuable precious metal. It can be used to make high-end medical equipment, fuel cells, and catalytic converters. Platinum is also used in dentistry to make dental crowns, fillings, and bridges.
- Palladium – Palladium ranks fourth in the list of most valuable precious metals. Its popularity is growing rapidly among manufacturers because of its strength and stability. Palladium can also be used in electronics, military technology, and automobiles.
- Rhodium – Rhodium is fifth most valuable precious metal. Rhodium is a rare metal, but it is highly sought-after because of its use as a catalyst for automobile engines.
- Ruthenium, the sixth most precious precious metal, is Ruthenium. While palladium and platinum are scarce, ruthenium has a large supply. It is used in steelmaking, chemical manufacturing, and engine design.
- Iridium – Iridium ranks seventh in the list of most valuable precious metals. Iridium is a key component in satellite technology. It is used in the construction of orbiting satellites that transmit TV signals and telephone calls.
- Osmium – Osmium, the eighth most precious precious metal, is also known as Osmium. Osmium is commonly used in nuclear reactors because of its ability to withstand extreme temperatures. Osmium can also be used in jewelry and medicine as well as cutting tools.
- Rhenium – Rhenium has been ranked as the ninth most valuable precious metallic. Rhenium can be used to refine oil and gas, make semiconductors and rocketry.
- Iodine — Iodine has the highest value of all precious metals. Iodine's uses include radiography, photography and pharmaceuticals.
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By: Micah Zimmerman
Title: Introducing the First Bitcoin-Only Credit Card: Fold Partners with Stripe and Visa
Sourced From: bitcoinmagazine.com/news/fold-taps-stripe-and-visa-in-launch-of-first-bitcoin-only-credit-card
Published Date: Tue, 23 Sep 2025 13:27:20 +0000
