Do we think Fold is doing ok? I really like paying bills with their card but I worry after they have shuttered so many of the features that made them fun.
shuttered recently ... amazon gc 5+%, spins on gift card buys, and the sats back rates keep getting worse.
I hope they're around forever, they are a super fun way to get normies into bitcoin ... I'm just seeing a few things that worry me.
Agreed. I miss the old days 🥲
This is exactly what I’ve been thinking. Most of the momentum seems to have dried up, and they’re sort of just…existing now. Once people stop paying their card renewal fees, it will get worse. Using Fold now seems like too much effort for too little reward. They’re one of the first bitcoin-only companies I remember from years ago, and yet they still don’t have Lightning withdrawals, and it takes a week to get an on-chain payout from them. I have trouble seeing how they will survive.
I still think the pay bills (mortgage, credit cards) and get sats back is a game changer. That's sats I can't get another way and 1-2% back extra on all my expenses adds up...
Agree on the withdrawals being slow.
I just worry that they are struggling and won't be around.
I was a big fan, but it became exhausting keeping on top of the balance. I ended up going back to a standard credit card with 2 percent cash back and just dca into bitcoin. Pura Vida.
