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Fold's Bitcoin Rewards Card Hits 80K Waitlist Amid 50% Revenue Growth

Fold Holdings reports 50% revenue growth, 80K waitlist for Bitcoin Rewards Credit Card, and expansion into 2,000 Kroger stores. Stonegate initiates coverage with strong valuation outlook.

This development matters because it represents the mainstreaming of cryptocurrency integration into everyday financial services and retail experiences. Fold's expansion into major retail chains like Kroger and partnerships with established payment processors Visa and Stripe signals a significant shift toward broader cryptocurrency adoption. For consumers, this means easier access to Bitcoin rewards through everyday spending, potentially changing how people interact with digital assets. For investors, Fold's demonstrated growth trajectory and innovative product pipeline suggest the company is well-positioned to capitalize on the growing intersection of traditional finance and cryptocurrency. The company's ability to maintain operating leverage while scaling rapidly indicates a sustainable business model in the competitive fintech space, potentially setting new standards for cryptocurrency integration in mainstream commerce.