Hello everyone!
2022 was a big year for our industry. The bear market flushed out bad business models and bad actors; meanwhile, bitcoin companies like Fold flourished.
As we look to 2023, we’re making some changes to the Fold program to position us to thrive over the long term.
We’re focusing our effort on new features that you’re always requesting as well as changes that are necessary for the growth of Fold and our mission of giving everyone a chance to stack sats.
Here's a sneak peek at what’s in store for 2023...
Bitcoin Buying
Round-Ups
Have you ever seen an uneven number pop up while checking out at the store, and wondered how awesome it would be to automatically round up that purchase to the nearest dollar with a bitcoin purchase? Well soon, you’ll be able to!
Instant Withdrawals
No more 3-day holding periods. Buy Bitcoin on Fold and withdraw to cold storage instantly #FoldToCold
DCA
Choose the amount, choose the frequency, set it and forget it. $5/day, $100/week, it's up to you!
Gaming Experience and Rewards
Guaranteed 1% For Spin+
You asked for it, you got it! 1% back on every purchase, every time, right away! No more going into the app to choose 1%, no more spinning 0.5%!
Use the Fold Card, get 1% back in bitcoin. Every. Single. Time. Purchases will also earn you spins on our new Spinwheel where you can win up to 1 whole bitcoin! This will remain a Spin+ exclusive option.
Speaking of Spinwheels...
Wheels & Spins
We’re making some major revamps to the Fold Spinwheel experience, with an emphasis on earning Bitcoin rewards on everything you do in Fold - using the card, buying bitcoin, buying gift cards, and more. This will be a big change to our beloved Wheel and we’ll provide much more detail closer to the release.
Funding Your Account
Debit Card Transfers Update
Since we launched Instant Debit funding, it has been extremely popular. It's also very expensive. As we continue to build towards long-term sustainability, we're unable to offer free instant transfers. Soon, all instant transfers will incur a 1.5% fee.
We're working with our partners to bring this fee down as much as possible. We're also working on bringing instant ACH transfers that will have much lower fees!
Learn more about free funding options
Lightning Withdrawals/Deposits
⚡️⚡️⚡️⚡️⚡️. ‘Nuff said.
Bitcoin’s super-speedy Layer 2, AKA the Lightning Network, is one of the most exciting ongoing developments in the space. We already offer Lightning on gift card purchases and soon, it will be implemented througout the rest of Fold as well!
Other Stuff
Family Plan
One of our most highly-requested features is on the way! If you’ve always wanted to bring your parents or loved ones into the Fold Family without making them go through the signup process themselves, soon you’ll be able to.
Gift Card Changes
Amazon has unfortunately lowered our gift card rate. However, the good news is, you can buy unlimited quantities at these new rates 2.5% (Spin+) and 2% (Spin).
We'll also be raising the rates on some brands and adding plenty of new ones, so keep your eyes peeled for more of your favorite brands to shop and stack sats with!
That’s it for now, folks!
Appreciate all your support, and looking forward to another exciting year of sat-stacking, Bitcoin adoption, and growth for the Fold ecosystem!
-Fold Team
