Bitcoin rewards application Fold raises a $2.5 million seed round

Bitcoin payments startup Fold has raised a $2.5 million seed round from investors including Craft Ventures, CoinShares, and Slow Ventures, reports The Block. As part of the raise, Fold is also unveiling a new version of its mobile app with credit and debit card support. Will Reeves, CEO of Fold, said:

“Our new app gets you cashback in bitcoin and keeps your data private when you shop at retailers– this is great news for any fan of bitcoin, privacy or free money. We are especially excited because Fold also marks the first payment and rewards application to use bitcoin’s lightning network, which makes using bitcoin instant and nearly seamless."