How is it different than BlockFi?
People think this is just another credit card that pays sats, but it’s not.
Both traditional credit, and also bitcoin backed credit rates with the Fold card. Instant pay bitcoin to pay off your card.
We literally just talked about this on the latest Roundtable. Credit networks will remain the major payment networks for the near future, but they will be expanded, reserved, and settled in Bitcoin.
I’m about to stack so many sats back it’s gonna be retarded.
They are also giving away a shit ton of prizes so reserve a spot:
Discussion
If this allows a secured loc on Bitcoin deposit then that is different
According to the ceo on the podcast with Walker- It does not.
This is a regular unsecured credit card just with Bitcoin rewards and based on your credit score
Bitcoin backed credit rate. Don’t have details but it’s a really cool idea and I’m excited to see the difference.