FOLD

FOLD

Fold is a financial services platform and not a FDIC insured bank. If you have a Fold Card, accounts are subject to pass-through FDIC insurance up to $250,000 per ownership category, should Sutton Bank fail. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Coverage limit is subject to aggregation of that accountholder's funds held at Sutton Bank.

Over FOLD

Fold is a financial platform that integrates Bitcoin into everyday financial transactions. With the Fold app, users can earn Bitcoin on every purchase, pay bills, and manage their finances by earning rewards in Satoshi, the smallest unit of Bitcoin. The platform offers a convenient way to accumulate Bitcoin through everyday spending.

Fold’s key product is a prepaid Visa debit card that lets you earn Bitcoin on every transaction. Users can earn up to 1.5% back in Bitcoin on select spending categories and up to 15% at partner merchants like Starbucks, Target, and DoorDash.

Fold also offers a Fold+ subscription, which provides additional benefits including increased rewards, the ability to pay bills via ACH with Bitcoin back, and access to exclusive offers. Users can automatically round up their purchases and invest change into Bitcoin, as well as set up recurring crypto purchases.

For the convenience of its users, Fold provides the ability to buy and sell bitcoin without fees, as well as withdraw earned satoshi to external wallets. The platform ensures the safety of funds by offering USD insurance through FDIC and bitcoin protection through BitGo.

Since its launch in 2019, Fold users have accumulated over 68 billion satoshis. The platform continues to evolve, with plans to launch a bitcoin rewards credit card and expand functionality to integrate bitcoin into everyday financial life.

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