Key Takeaways
- Fold Holdings Inc. (FLD) has partnered with Stripe and Visa (V) to launch a new Bitcoin Rewards Credit Card, offering users up to 3.5% back in Bitcoin (BTC) on all purchases.
- The new credit card aims to simplify Bitcoin accumulation, providing an unlimited 2% base reward and additional bonuses through a Fold Checking Account and partnerships with major brands.
- German Defense Minister Boris Pistorius has reiterated Germany's firm stance against Russian provocations, emphasizing that the nation will not fall into a "trap" set by Moscow.
- Pistorius characterized a recent Russian drone incursion into Polish airspace as a "targeted provocation" against NATO, while confirming it did not trigger Article 5, and Germany supports Poland's invocation of Article 4 for consultations.
Fold Unveils Bitcoin Rewards Credit Card with Stripe and Visa
Fold Holdings Inc. (FLD), a bitcoin-focused financial services company, announced today a strategic partnership with payment giants Stripe and Visa (V) to introduce the Fold Bitcoin Rewards Credit Card. This new offering is designed to make Bitcoin accumulation a seamless part of everyday spending, reflecting a growing trend in mainstream finance to simplify access to digital assets.
The Fold Bitcoin Rewards Credit Card, issued on the Visa network and powered by Stripe Issuing, allows users to earn up to 3.5% back in Bitcoin on every purchase. This includes an unlimited 2% base reward, with an additional 1.5% available when cardholders pay off their balance using a Fold Checking Account with qualified activity. Furthermore, users can earn up to 10% back in Bitcoin with top brands within Fold's rewards network, such as Amazon, Target, Home Depot, Starbucks, and Best Buy.
Will Reeves, Chairman, CEO, and Founder of Fold, highlighted the product's simplicity, stating that it eliminates common complexities associated with crypto rewards programs. He emphasized that there are "no categories to manage, no tokens to stake, no exchange account or balance requirements; just real bitcoin, earned automatically with every purchase." This initiative builds on Fold's previous success, having processed over $3.1 billion in transaction volume and distributed $83 million in Bitcoin rewards through its earlier debit card and gift card programs.
Germany Reaffirms Firm Stance Against Russian Provocations
In a separate but equally significant development, German Defense Minister Boris Pistorius has maintained Germany's resolute position against Russian provocations. His comments come in the wake of a recent Russian drone incursion into Polish airspace, which he unequivocally condemned as a "targeted provocation" against NATO.
Pistorius clarified that, while a serious incident, the drone breach did not meet the threshold for triggering NATO's Article 5, which mandates collective defense in the event of a military assault resulting in destruction or casualties. Germany is actively supporting Poland's invocation of NATO's Article 4, which calls for emergency consultations among member states. The Defense Minister stressed the importance of unity and deterrence, asserting, "We are focusing on strength and unity but will not let ourselves be provoked." This stance underscores Germany's commitment to a measured yet firm response to ongoing geopolitical tensions.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.