Replying to Avatar Laser

Prediction: Fold is going to get passed up by credit card companies accepting #Bitcoin settlement if they don't launch a fiat credit card in the next couple of years.

If I were on the team, I'd be soliciting a partner in the fiat credit card industry, and quick.
Avatar
Laser 11mo ago

This is going to happen soon.

nostr:note1pw25rdg2dmv35c0ugjnzsphhp38536fzamnf9yfnz3xj27ll08rsw4jlea

Reply to this note

Please Login to reply.

Discussion

Avatar
Marc 11mo ago

Swiping a credit card that gives 1.5% and paying it every month with bitcoin from Strike is easy.

At the end of the month, I convert my "cash back" to sats.

Fold has more friction. I need to deposit on chain. I can't spend from my bitcoin balance. I need to buy dollars first.

I suspect their market is not hard core get on zero people, but the average American consumer who heard about bitcoin on CNBC. I think a sats back credit card will capture 90% of that market.

Avatar
Ryan Reynolds 11mo ago

I was just sent a survey on their soon to be CC.

I’ve used Fold Debit card for over two years. Been nothing but happy.

A credit card that can become what I use for work expenses in place of a corporate Amex will be fantastic.

Avatar
William ₿ Travis 11mo ago

now that banks can custody, oh yeah, this is happening. but now we need cgt dropped for bitcoin.