Bitcoin rewards company Fold has announced its expansion into El Salvador, setting up a new office that will serve as a base for its operations in Latin America. Fold, known for introducing the world’s first Bitcoin rewards Visa Debit Card to the US market in 2020, aims to make Bitcoin accessible to users all over the world.
Will Reeves, CEO of Fold, expressed his excitement about the move in a press release shared with Bitcoin Magazine, saying, “As a country that has embraced bitcoin and has been a pioneer in embracing new monetary technology, we believe El Salvador is the perfect location for Fold to expand its presence. in Latin America”. Reeves sees El Salvador as an ideal location due to the country’s positive stance on bitcoin and its efforts to build new capital markets.
According to the release, Fold’s expansion will provide valuable solutions to consumers and businesses in the region through a rewards program and built-in bitcoin infrastructure. The company has announced plans to announce partnerships with major players in Latin America soon. According to the release, to date, Fold’s Bitcoin rewards infrastructure has processed more than $1 billion in volume, highlighting its growing success and influence.
Stacy Herbert, of the National Bitcoin Office in El Salvador, expressed her excitement at Fold’s arrival, saying, “Fold definitely fits that description and we’re excited to welcome them to Bitcoin Country.” Fold’s expansion into El Salvador marks an important milestone for the company as it continues to strengthen the global Bitcoin community.
The new office in El Salvador and the local team will enable Fuld to provide personalized support to its users and partners in Latin America. The Fold mobile app is available for download on Android and iOS devices.
For more information on Fold’s expansion and upcoming partnerships, the company encouraged users to visit their website at www.foldapp.com.