Fold Bitcoin Rewards App Announces Expansion in El Salvador, Leads Latin American Operations

Bitcoin rewards company Fold has announced its expansion in El Salvador, setting up a new office that will serve as a base for operations in Latin America. Fold, best known for introducing the world’s first bitcoin rewards Visa debit card to the US market in 2020, aims to make bitcoin accessible and easy for users around the world.

Fold CEO Will Reeves expressed his excitement about the move in a press release shared with Bitcoin Magazine, saying, “As a country that has adopted bitcoin and is a leader in the adoption of new monetary technology, , we believe El Salvador is the perfect place for Fold.to expand its presence in Latin America.” Reeves sees El Salvador as an ideal location because of the country’s positive stance on bitcoin and efforts to build new capital markets.

According to the release, the expansion of Fold will bring valuable solutions to consumers and businesses in the region through its rewards program and embedded bitcoin infrastructure. The company revealed its plans to announce partnerships with major players in Latin America soon. To date, Fold’s bitcoin rewards infrastructure has processed over $1 billion in volume, highlighting its growing success and influence, according to the release.

Stacey Herbert from El Salvador’s National Bitcoin Office expressed her excitement about Fold’s arrival, saying, “Fold definitely fits that description and we are excited to welcome them to bitcoin country.” The expansion of Guna into El Salvador is a significant milestone for the company as it continues to foster the global bitcoin community.

The new office and local team in El Salvador will enable Fold to provide personalized support to its Latin American users and partners. The Fold mobile app is available for download on Android and iOS devices.

For more information on the Fold’s expansion and upcoming partnerships, the company encouraged users to visit its website www.foldapp.com,