Fold Holdings has launched a new Bitcoin reward program that allows employers to offer recurring rewards denominated in Bitcoin without changing payroll systems, making it the first product under the new Fold Business platform.
Employers determine bonus dollar amounts according to their regular pay scale, while… fold It handles conversion to Bitcoin, custody, vesting, and delivery through the Fold app.
Fold describes the Bitcoin Bonus Program as an employer-level reward method that can serve as both a benefit and a retention tool.
Company He says Employees can track and hold their Bitcoin over time, turning what is often a bonus cash spent on access into long-term assets. Vesting tables are built into the software, allowing companies to link access to the bonus to tenure or performance.
Under the model, companies set a bonus or recurring allocation in US dollars in line with current payroll cycles, and Fold performs real-time conversion to Bitcoin upon distribution. Fold also provides custody and manages entitlement, so employers avoid direct exposure to digital asset handling or additional compliance workflows.
Early fold users and target segments
Steak ‘n Shake is Main partner The Bitcoin Bonus program is offered to thousands of hourly workers across a US workforce of more than 10,000 people. Simple miningThe Iowa-based bitcoin mining hosting company converts 1 percent of employee salaries into bitcoin through the program, which can be redeemed at the end of the year, to match employees with the assets they support for clients.
The Bitcoin Bonus program is the first step in Fold Business’ broader B2B strategy, which aims to add payroll, corporate bitcoin vault services, corporate cards, and other enterprise tools built on top of bitcoin bars.
Last September, Fold Announce Partnered with Stripe and Visa to launch a Bitcoin-only credit card designed to simplify Bitcoin rewards for everyday spending. The card offers up to 3.5% back in Bitcoin, and combines instant rewards with additional earnings for users who pay through a Fold checking account. It also includes up to 10% Bitcoin at selected major retailers and aims to remove the complexity of traditional cryptocurrency rewards systems.
Fold, which is listed on the Nasdaq under the ticker FLD, already offers consumer app, debit card, credit card, and Bitcoin gift card products, and sees the benefits of Bitcoin in the workplace as a next growth channel.
As of early trading Thursday, FLD shares were trading near the mid-$1 range with a market cap of about $73 million.
