Why We Built Fold Business

Bitcoin belongs at work. That’s why we built Fold Business.

Expanding bitcoin for everyday life to the workplace

Here at Fold we’ve spent years helping people bring bitcoin into the financial habits they already have spending, saving, gifting, and earning rewards on money already moving through their lives. But work is where people earn. Where incentives get set. Where many people first start thinking about savings, ownership, and the decisions that shape their financial future.

For bitcoin to be part of everyday life, it has to show up at work, too. That’s what Fold Business is all about.

Fold's bitcoin bonus program, a powerful new HR option for employers

Fold Business’ first product Fold’s Bitcoin Bonus Program is designed to give employers a powerful new way to attract and retain employees, especially hourly workers and salaried employees in competitive sectors such as tech. We’ve made it easy to implement. Employers simply set the amounts and timing. Fold handles conversion, custody, vesting, and delivery. It works alongside existing payroll. No complicated integration. Upload a payroll file, and we do the rest.

A super flexible way to reward hourly or salaried employees

Currently bonus programs usually take one of two forms. Either cash bonuses or some combination of cash plus a form of equity options — and both have their flaws. For employers with an hourly workforce, cash bonuses do little to retain employees over the long term. A bitcoin bonus, especially one with vesting, gives employers a unique way to attract and reward hourly workers while also giving employees something they can hold and build on over time. 

For tech employers with salaried workers, option grants are table stakes. Fold’s Bitcoin Bonus Program is an exciting and desirable way to sweeten the pot.

We’re excited to announce the Bitcoin Bonus Program with our partners Steak 'n Shake and Simple Mining. We look forward to making Fold Business and bitcoin an everyday part of working life for everyone.

Learn more at bonus.foldapp.com