Bitcoin receives support from Visa corporation, which started collaborating with the Fold startup to create a credit card with a BTC cashback.
CEO of the startup Will Reeves stated that Bitcoin users would be rewarded with up to 10% of purchases made using Fold and Visa credit cards. He believes that this can attract a new flow of customers to the most popular crypto in the world.
“People aren't engaged in using bitcoins currently, but they are interested in saving them,” Reeves said in an interview. “If people do not yet recognize bitcoin as money, they'll probably understand it as the best reward.”
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Reeves said the card is planned to be issued in July. He refused to mention the organizations that support the card.
In February, the American crypto corporation Coinbase became a principal member of Visa. The organization stated that this status made it "the initial cryptocurrency company that was approved by Visa."