Replying to Avatar The Daniel 🖖

I’ve been using Fold since they were just an app for buying Starbucks cards with bitcoin. I had really high hopes for their debit card, but between the annual fees, their lack of Lightning support, their removal of free instant deposits, and most recently, the halving of the Amazon gift card reward, I’m not seeing much of a benefit anymore.

I guess I’m not getting the most out of the bill pay feature. Doesn’t that rely exclusively on PayPal?
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nobody 2y ago

I’m no longer interested in Fold either. I can’t justify the trouble I go to to get theses sats, if they can barely cover the annual fee at this point. And the instant transfer fee is just enraging. This feels like another unsustainable business model clawing back every defining feature. It’s easier to just buy bitcoin using my monthly cash rewards from a credit card.

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The Daniel 🖖 2y ago

This 💯

Instead of continuously improving the experience, they’ve been stagnating and rolling back features.

This is the sign of a company that’s gasping for air. Next comes the downsizing. We’ve seen it all before.