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0 -0.00151285930408469 0 0 0.00151285930408469 0.0347957639939486 0.0225416036308623 0.0105900151285931
Stock impact report

Fold Stock Pops, Then Plunges After Revealing Bitcoin Rewards Visa Credit Card Plans [Yahoo! Finance]

Fold Holdings, Inc. - Class A (FLD) 
Company Research Source: Yahoo! Finance
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 unlimited 2% back instantly, plus up to 1.5% additional when paying through their Fold Checking Account. Enhanced rewards of up to 10% are available with major partners including Amazon, Target, Home Depot, Uber, Starbucks, and hundreds of other brands. FLD opened at a price of $4.69 on Tuesday after closing at $3.88 on Monday. However, the buzz didn't last, with the price plunging to $3.32 as of this writing, marking a more than 14% dip on the day. “Our credit card offers Show less Read more
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