RATE Group | Fold App Raises $2.5M to Bring Bitcoin Lightning Payments to Starbucks
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Fold App Raises $2.5M to Bring Bitcoin Lightning Payments to Starbucks

25 Sep Fold App Raises $2.5M to Bring Bitcoin Lightning Payments to Starbucks

Posted at 15:49h in Bitcoin News by

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The Fold app, a mobile shopping app that supports Bitcoin’s Lightning Network enabling users to withdraw funds to an external Bitcoin (BTC) wallet, has raised $2.5 million and added a fiat currency payment option. 

In a Sept. 25 blog post, Fold’s editor, Will Reeves, informed the public that the app’s users can now spend both fiat currency and Bitcoin at online and in-store retailers by synchronizing their credit card or Lightning wallet. 

Fold has also enabled its users to stack sats when making purchases with fiat and Bitcoin at major retailers such as Amazon, Uber, Starbucks and Hotels.com, further rewarding users for shopping in Bitcoin.

Moreover, Fold revealed new partnerships with investors such as venture capital funds Craft Ventures, Goldcrest Capital, Slow Ventures, Fulgur Ventures and digital asset management firm Coinshares, which resulted in a $2.5 million contribution towards further development.

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