Strike debit card nixxed #Bitcoin #Strike
Discussion
Go with Fold!
Fold shut my account down and told me it was irreversible and they would answer no further questions when I finally tried to sign up for the Fold card kept getting an error message. All I did was use it for like a year to spin a daily wheel, never got to withdraw, and sent one help request when I got a "oops an error occurred" message.
Not really sure what happened with that.
I must be bad news 😂
Rest of the email:
Our goal is to increase access to bitcoin and create more open, inclusive, and equitable payments for all. To better serve you, the community, and the world, we are refocusing our efforts towards building products that deliver the most value right now and will have a more significant impact in the short term.
This decision aligns with our vision of empowering people worldwide to participate in the global economy and our commitment to delivering products that have a meaningful impact on the community and beyond.
We appreciate your understanding and support even if this isn’t the news you wanted to hear. Thank you for joining us on this journey, and stay tuned as we continue to ship new products.
In the meantime, please don’t hesitate to reach out with any questions.
Best,
The Strike Team
Ahh bummer!
You wonder if the model such as Fold is actually profitable and sustainable.
Who pays Fold for consumer making Debit card purchases?
What is there revenue stream?
Subscriptions only?
Would that keep them afloat?
Is enough collected through subscriptions to pay out customers for their purchases and have them be profitable?
I don’t know what the answer is to the above questions.
I’m just simply throwing those out.
Strike untethering from another legacy product 🤙