Bitcoin Shopping App Fold Adds AirBNB Payments to Earn 3% in Crypto Cash Back Rewards
The Fold payments app for Bitcoin is now supporting Airbnb transactions. The announcement was made by the firm on November 11th. More than this, Fold users can receive 3% back of every Bitcoin they spend on Airbnb.
We’re thrilled to welcome Airbnb to Fold. Get up to 3% back in bitcoin on every stay and experience you book. Get access to the app below 👇 pic.twitter.com/NE1gyavM1O
— Fold 🙌 (@fold_app) November 11, 2019
Airbnb Is Giving $25 and $100 to Those Who Spend Bitcoin on Their Website
Airbnb has enrolled in the Fold Kickbacks program, which supports the Lightning Network, a second layer of Bitcoin, and allows users to get 3% cashback for the Bitcoin they’re spending. At the moment, Fold gives $25 and $200 gift cards through its website.
Amazon, Uber and Starbucks Involved in the Fold Kickbacks Program
The Fold Kickbacks program was started in July 2019. Some other big retailers like Starbucks, Uber, and Amazon have decided to take part in it, just like Airbnb did. The catch is that it works only in some countries, depending on the brand of the company that uses it. These countries are the United States, Mexico, Ireland, Canada, the United Kingdom, Australia and Canada. However, the company is looking to expand its services to Europe too, and very soon.
Fold Accepts Only Bitcoin
In September 2019, Fold has used $2.5 million in order to grow its platform and to have the payment option for fiat currency. This feature allows every Fold user to spend Bitcoin and fiat currency in both in-store and online shops, just if they have added their Bitcoin Lightning wallet or credit card to the app.
There Are Other Options to Fold
While Fold is among the oldest apps for Bitcoin shopping rewards, being launched back in 2014, it’s not the only one. On the contrary, more of these options are starting to become available every day. For example, there’s Lolli, and also very popular Bitcoin shopping app that has partnered with the US pet retailer Petco back in August. Lolli also managed to get backed up by Safeway, the American grocery chain, offering a $3.5 cashback reward for all the Bitcoin payments. On the other side of the globe, in Japan, there is Amaten, a very well-known gift card platform that is looking to use tokens as gift cards by partnering up with Aelf, the famous blockchain network provider.