Fold's Q4: 8% Revenue Growth, New Bitcoin Rewards Card
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Fold, a Bitcoin financial services company, reported an 8% increase in Q4 revenue to $9 million, despite a 3% drop in transaction volume. The company added 2,000 new customers and launched a Bitcoin rewards credit card, aiming to surpass airline miles as Americas top consumer perk. Fold cleared convertible debts and expanded operations, offering Bitcoin payroll and bonuses to businesses. However, shares have plummeted 59% this year and 84% over the past year, though they briefly rose 13% after hours post-earnings.
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