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Visa and Fold to Launch Bitcoin Rewards Credit Card

PUBLIC · VFeb 12, 2025

Acquiring Company

Visa

Acquired Company

Fold

San FranciscoPhoenixOtherFinancial ServicesMobilePaymentsFinanceFintechLendinginformation technology & servicesInformation TechnologyFinancial ServicesFinanceFintechBlockchainCryptocurrencyLending

Description

Visa and Fold have partnered to launch a new Fold Bitcoin Rewards Credit Card, which will offer up to 2% unlimited bitcoin rewards and up to $250 in bonuses. The card will also provide access to bitcoin trading with no fees, insured bitcoin custody, FDIC-insured transactional accounts, and bonus offers from merchants. Additionally, Fold will proceed with a proposed business combination with FTAC Emerald Acquisition Corp., a special purpose acquisition company (SPAC), in preparation for listing on the Nasdaq as 'Fold Holdings', the first publicly traded bitcoin financial services company.

Quick answer

Visa is acquiring Fold, announced February 12, 2025. Visa is based in San Francisco, California, United States.

How much did Visa pay for Fold?
The deal value was not disclosed.
What does Visa do?
Visa Inc. (NYSE: V) is the world’s leader in digital payments.
Where are Visa and Fold based?
Visa is based in San Francisco, California, United States. Fold is based in Phoenix, Arizona, United States.
Who are the decision-makers at Visa?
Fundz holds 3 contacts at Visa. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Visa

Location

900 Metro Center Boulevard

San Francisco, California, United States

About

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews. About Currencycloud Banks, fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud. Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in. Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff & Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US, and the EU.

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Frequently asked

Who acquired Fold?

Fold was acquired by Visa, based in San Francisco. The deal was reported on February 12, 2025. Visa Inc. (NYSE: V) is the world’s leader in digital payments. Visa is publicly traded (V) and operates in Other.

When did Visa acquire Fold?

Visa's acquisition of Fold was reported on February 12, 2025. Visa and Fold have partnered to launch a new Fold Bitcoin Rewards Credit Card, which will offer up to 2% unlimited bitcoin rewards and up to $250 in bonuses. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Fold do?

Fold, Inc. is a pioneering bitcoin financial services company, founded in 2019, and is the premier gateway for bitcoin financial services in the United States. It is publicly traded (FLD), operating in Information Technology, and is based in Phoenix.

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