Unlocking the Value of Bitcoin Rewards

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter explores the benefits of implementing Bitcoin as a reward system, particularly in enhancing cash rewards. It also highlights the strong community around Bitcoin and the crucial decision of accumulating Bitcoin on their balance sheet to align with customers' best practices.

In this episode, we explore Will Reeves' Bitcoin journey and how it led to the creation of Fold, a company that has evolved from offering Bitcoin rewards through gift card purchases to becoming a comprehensive financial services app. We also discuss Fold’s recent decision to go public, the company's long-term vision as a Bitcoin-powered bank, and the expansion of its services, including credit, lending, and insurance. Additionally, Will shares insights into Fold's treasury management, partnerships, and the global adoption of Bitcoin.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

07:55 - Will Reeves’ background and the defining moment that led him to Bitcoin.

09:35 - Key inflection points in Fold’s evolution from a Bitcoin rewards platform to a full-fledged financial services app.

14:45 - The "flywheel effect" of increasing Bitcoin reserves and its impact on Fold’s future growth.30:13 - The toughest challenges Fold faced during its transition.

16:57 - Insights into Fold’s decision to go public and expectations from the public markets.23:32 - Fold’s vision of becoming a Bitcoin-powered bank and how they plan to redefine banking.

19:59 - How Fold’s Bitcoin reserve factors into the company’s financial strategy.

24:37 - How user feedback drives Fold’s product development cycle.

25:48 - Fold’s plans for expanding into credit, lending, and insurance.

27:52 - Trends in how Fold users are utilizing their Bitcoin rewards.

31:31 - Fold’s global expansion plans and how the company fits into the international financial landscape.

43:21 - The impact of partnerships with Visa, BitGo, and Marqeta on Fold’s growth.

BOOKS AND RESOURCES

Try the Fold App.
Will Reeves' X (Twitter) Account.

NEW TO THE SHOW?

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.