Fold, a Bitcoin payments app, now supports Airbnb, a home-sharing giant, which has been announced on November 11. Now, Fold users can get 3% back in Bitcoin (BTC) on every stay and experience booked on Airbnb.
Likewise, Airbnb is now listed on its rewards program called Fold Kickbacks. The program supports Bitcoin’s second layer Lightning Network (LN) allowing buying gift cards for Bitcoin with 3% cashback.
Currently, Fold offers $25 or $100 gift cards on its website.
However, the app works in selected countries including the United States, Australia, Canada, Ireland, Mexico, and the United Kingdom, depending on the specific brand. The firm also expects to roll out services in Europe in the near future.
In late September 2019, Fold raised $2.5 million in order to expand its platform with a fiat currency payment option. The new feature was added in late September 2019 and allows Fold users to spend both fiat currency and Bitcoin at online and in-store retailers by adding their credit card or Bitcoin Lightning wallet. To date, the Fold app only accepts Bitcoin, the firm says.
While Fold is one of the oldest Bitcoin shopping rewards apps today first launched in 2014, it is certainly not the only one as many other options to “stack sats” are becoming available.
On the other hand, Lolli, another Bitcoin rewards shopping app, previously partnered with Petco, an American pet retailer, in late August. Lolli also rolled out support for Safeway, the major American grocery chain, to provide customers with 3.5% cashback in Bitcoin on all their purchases.
Hence, Amaten, the largest gift card platform of Japan, announced its plans earlier this year to issue tokenized gift cards in partnership with Aelf, a blockchain network provider.
Source: medium.com | support.foldapp.com | cointelegraph.com