Bitcoin rewards app Fold and Visa introduced Thursday that they’ve expanded their ongoing partnership.

Visa will now be the unique community accomplice for Fold’s pay as you go debit and bank card merchandise in North America, Europe, Latin America and the Caribbean.

The 2 corporations first teamed up in 2020 to problem a debit card that supplied rewards in Bitcoin (BTC) as an alternative of conventional reward factors. Customers have earned greater than $30 million in bitcoin rewards for the reason that debit card was launched.

In accordance with Fold CEO Will Reeves, the expanded partnership comes amid rising demand for bitcoin entry outdoors the US.

Beneath the brand new partnership, Fold and Visa will enter new markets, and their enterprise enlargement plans embrace empowering present native monetary providers corporations to launch their very own bitcoin rewards by way of Fold infrastructure.

“Fold’s mission is to make bitcoin extra accessible to everybody, and this expanded partnership with Visa will assist us obtain that purpose,” Reeves stated. “Our customers have already earned hundreds of thousands of {dollars} in bitcoin rewards with our debit playing cards, and we’re excited to proceed increasing our partnership with Visa to convey bitcoin to much more individuals all over the world.”

Cuy Sheffield, head of cryptography at Visa, stated the corporate is dedicated to supporting the event of digital currencies and serving to companions like Fold construct new enterprise and income streams.

“We’re excited to increase our partnership with Fold to convey bitcoin rewards to much more individuals and companies all over the world,” Sheffield stated. “As demand for digital currencies continues to develop, Visa is dedicated to offering our companions with the instruments and infrastructure they want to reach this area.”