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Bitcoin

Fold Launches First-Ever AR With Free Bitcoin Rewards Experience

by Miki 08/19/2021
by Miki 08/19/2021 0 comment

Fold is a bitcoin rewards app providing a gift card platform used to help spend bitcoin in the real world. The app offers bitcoin cashback via its Visa debit card and mobile application. Its customers can earn bitcoin on everything they do: spending, saving, and investing.

Cardholders can win up to 100% back on every purchase, or even a whole bitcoin. It was founded in 2014 by Chris Martin, Corbin Pon, Matt Luongo, Will Reeves. The leading bitcoin rewards and payments app, Fold, made an announcement yesterday.

Fold Unveils AR Bitcoin Rewards Experience

In recent years, gamification in crypto has been on the rise. In this press release, the company announced that its augmented reality feature is launching alongside a free plan for their Bitcoin Rewards Debit Card. Fold’s augmented reality feature allows users to earn bitcoin and in-app benefits by exploring their physical surroundings. The popular bitcoin rewards startup is using AR in a bid to make crypto fun for the masses. “Instead of finding rare creatures in the world around you, like in the hit game Pokemon Go, Fold users will now be able to discover and collect bitcoin around them.”

Related Reading | Sportsbet.io and Arsenal FC Introduce New Augmented Reality Matchday Programme

Will Reeves, Fold CEO, stated, “The Fold AR feature provides a fun, interactive way for consumers to earn rewards in bitcoin for their everyday spending. So many people are interested in participating in the growing bitcoin economy but aren’t sure how to get started. Fold makes it easy for anyone to get their first piece of bitcoin, whether it’s through Fold AR via the app or the Fold card.”

Later this month, users will be able to access the AR experience for a limited time every day. The app will give away approximately $100,000 worth of bitcoin during the current beta period. But according to Reeves, the number would fluctuate in future months depending on sponsorship and user interaction levels.

Related Reading | ZooKeeper Launch Satoshi’s Oasis Paradise: Stake $ZOO to Earn $BTC

Likening the new launch to Pokemon Go, Fold’s Head of Design, Rachel Mersky, commented: “Pokemon Go was a phenomenon, it was really the first of its kind to bring augmented reality into the homes & lives of everyday people, turning the whole physical world into a game arena. We always say we want to meet our users where they are, whether they are bitcoin maximalists or curious newbies. What better way to do that than to literally bring bitcoin to wherever they are — and make earning and stacking sats fun?”

Bitcoin Chart from TradingView.com

Bitcoin trails $45,000 with market decline | Source: BTCUSD on TradingView.com

Free Debit Card Activation

The company also announced the removal of all signup and activation fees associated with their Spin (formerly Intro) debit card. It stated that “All US residents can now get started with the Fold Card for free by signing up for the Spin tier that rewards up to 25% back in bitcoin on every purchase.”

Featured image from CryptoSlate, Chart from TradingView.com

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The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
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    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

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      EtherLite (ETL) Cryptocurrency Price Prediction

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      Learn

      How to Trade Bitcoin Futures

      11/12/2021

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      How to Start Trading Cryptocurrency

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      How to Create Your Own Cryptocurrency

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  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

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      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

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