The Fold payment platform will participate in the Visa Fintech-startup support program and will issue its own debit card, thanks to which users will be able to receive cacheback in bitcoins.
According to the startup representatives, Fold will be the first in the cryptovrency industry to participate in this program. According to them, it was not so easy to agree with Visa on cooperation, as it was required to pass a thorough examination of financial performance and marketing plan.
"By participating in the Visa Fast Track program, outstanding startups like Fold get an opportunity to work with our experts, technology and resources," said Terry Angelos, senior vice president and head of Visa's FineTrade. "With Fast Track, we are providing new resources to fast-growing companies for effective scalability.
Fold representatives note that cacheback in bitcoins will be the easiest way to accumulate the first cryptographic currency without having to buy it or pass additional verification. In order to obtain the cacheback, you will simply need to make purchases for dollars, with a refund amount of up to 20%. Fold plans to issue the card in the third quarter of this year.
Recall that earlier the launch of its own card in the Visa system was reported by the cryptovrency exchange Binance, but then removed from the site mentioning the payment system.
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