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The Pomp Podcast
#1405 Will Reeves | Bitcoin Company With 1,000 Bitcoin Is Going Public?!
Sep 19, 2024
51:47
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Will Reeves, Founder & CEO of Fold, takes listeners on a deep dive into his innovative Bitcoin company prepping for a SPAC public offering. He discusses how Fold simplifies earning and using Bitcoin through everyday financial products. The conversation reveals the company's approach to merging Bitcoin with traditional banking, enhancing mortgage options, and reimagining rewards programs. Reeves emphasizes the potential for Bitcoin to reshape financial paradigms while navigating the growth towards a responsible crypto market.
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Quick takeaways
- Fold’s dual approach to Bitcoin facilitates both customer accumulation of Bitcoin rewards and the company’s treasury growth, showcasing a harmonious balance between user wealth and business assets.
- The evolution of Fold from gamified experiences to serious financial products highlights its commitment to embedding Bitcoin into personal finance, reshaping traditional banking models for a diverse user base.
Deep dives
Fold's Unique Bitcoin Strategy
Fold operates with a dual approach to Bitcoin, both accumulating it for their own treasury while simultaneously offering services to help customers acquire Bitcoin. The platform functions as a banking alternative, enabling users to spend, pay bills, and earn Bitcoin rewards through their transactions. Since its launch, Fold has facilitated the earning of over $45 million in Bitcoin rewards for customers, highlighting its effectiveness as a financial tool in an environment where purchasing power is declining. This method demonstrates that user wealth and company assets can coexist harmoniously, benefiting both parties without being at odds.
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