Bitcoin usage has exploded across the globe! As its acceptance has grown from early adopters, during the 2010s, to now the trillion-dollar financial industry, Bitcoin’s use case is along the lines of a “digital gold”. While this may be proving true, in Satoshi Nakamoto’s original Bitcoin whitepaper, he envisioned it as a peer-to-peer electronic cash system. Nakamoto created Bitcoin in 2009.
Although holding Bitcoin for the past 12 months has outperformed any asset market, many economies rely on its utility. Simply put, it is a cheap option for performing transactions, especially when sending money across borders.
A plethora of companies has rushed to meet the various demands in the new crypto industry.
Enter the Fold Card, a debit card with Bitcoin rewards. You read right. Instead of earning cashback or sky miles for your purchases, you receive Bitcoin.
For example, the $500 TV you bought on Amazon with your traditional bank debit card most likely yielded you zero rewards. With the Fold Card, you would have earned 5% back in Bitcoin. The current equivalent of $25. Cool right? Well, here’s the magic! Since the reward is in Bitcoin, as Bitcoin’s price increases, so will your reward, I’ll try to break this down further. Let’s say you purchased the $500 TV in October 2020. That 5% back in Bitcoin would be worth ~$100 in October 2021. For reference, Bitcoin’s value is up ~400% during this time.
Maximize the amount of Bitcoin rewarded by using the Fold card to pay for fixed monthly expenditures such as Netflix and Hulu, in addition to your Amazon purchases. The Fold card is hands down my everyday form of payment.
Use this link to sign up for Fold – https://use.foldapp.com/r/E3RM9WH9.