Fold Stock Pops, Then Plunges After Revealing Bitcoin Rewards Visa Credit Card Plans

Bitcoin financial services company Fold Holdings announced Tuesday that its previously delayed BTC rewards credit card will run on the Visa network thanks to a team-up with financial infrastructure firm Stripe. But while Fold’s stock (Nasdaq: FLD) started off hot on the day, it quickly plunged. The Fold Bitcoin Credit Card will let users accumulate Bitcoin through everyday spending, offering up to 3.5% back on all purchases with no spending categories or deposit requirements, the company said. Users earn an ...