Phoenix, December 19, 2025

Fold Holdings, a Phoenix-based fintech company, has achieved a significant milestone by expanding its bitcoin financial services nationwide. This expansion underscores Phoenix’s role as a growing hub for innovation and digital currency adoption. The company’s unique model allows consumers to earn bitcoin rewards on everyday purchases, transforming routine spending into wealth accumulation opportunities. This development not only enhances consumer financial tools but also signifies the city’s potential for economic growth driven by entrepreneurial innovation.

Phoenix, Arizona

Phoenix FinTech Leader Expands Bitcoin Rewards Nationwide

Fold Holdings, a pioneering Phoenix-based company, has achieved nationwide reach for its innovative bitcoin financial services, marking a significant milestone for local entrepreneurial spirit and digital currency adoption.

Phoenix continues to solidify its reputation as a dynamic hub for innovation, attracting and nurturing companies that are reshaping various sectors of the economy. In a testament to the city’s robust entrepreneurial environment and the broader trend of digital transformation, a local fintech trailblazer has dramatically expanded its footprint. This expansion highlights the capacity of Arizona AZ entrepreneurs to drive significant economic growth and embrace new technological frontiers, offering valuable insights into how private sector ingenuity can thrive with the right blend of innovation and strategic partnerships.

This development underscores Phoenix’s growing significance in the national financial technology landscape, demonstrating how local innovation can scale to create broader economic impact. The commitment to fostering a business-friendly climate allows companies to pursue entrepreneurial innovation, translating into enhanced services for consumers and robust opportunities for regional prosperity.

Phoenix’s Ascendant Tech and Finance Landscape

Phoenix is increasingly recognized as a fertile ground for financial technology, or fintech, companies. The city’s supportive ecosystem and a culture that values entrepreneurial innovation have allowed businesses at the forefront of digital transformation to flourish. This environment encourages the development of solutions that integrate cutting-edge technologies like bitcoin into everyday financial tools, demonstrating a forward-thinking approach to economic development and attracting talent to Phoenix AZ business sectors.

Fold’s Pioneering Bitcoin Rewards Model

At the heart of this expansion is Fold Holdings, Inc., a Phoenix-headquartered company that has built its model on making bitcoin accessible for daily use. Since its inception, Fold has focused on integrating bitcoin into consumer finance, offering users the ability to earn bitcoin rewards on everyday purchases through its debit card and gift card programs. This approach transforms routine spending into an opportunity for wealth accumulation in a digital asset, appealing to a broad spectrum of consumers looking for innovative ways to engage with their finances. The company also provides options for users to buy bitcoin with reduced fees for premium members, pay bills with bitcoin rewards, and even convert a portion of their direct deposits into bitcoin. Fold offers multiple layered opportunities to earn bitcoin, including spinning a rewards wheel and purchasing gift cards.

Strategic Nationwide Expansion Unlocks New Market Potential

Fold Holdings, Inc. has announced its availability across all 50 U.S. states, a significant achievement that opens up its bitcoin financial services to a broader national audience. This nationwide reach was made possible through a strategic partnership with BitGo Bank & Trust, National Association (“BitGo”). BitGo’s recent approval as a federally chartered bank by the Office of the Comptroller of the Currency (OCC) provided a crucial regulatory pathway. This new framework allows Fold to operate under a single, federally supervised trust structure, replacing the often complex and fragmented State-by-State rules that previously limited consumer access, particularly in markets such as New York. This milestone immediately expands access to Fold’s Bitcoin Gift Card™ and strengthens the value proposition of the upcoming Fold Bitcoin Credit Card™. This partnership underscores the power of private sector collaboration in navigating regulatory landscapes and fostering economic growth across the nation.

Driving Economic Growth and Consumer Empowerment

The expansion of a Phoenix small business like Fold into a nationwide entity has positive ripple effects for the local economy and beyond. It signals Phoenix’s capability to foster companies that can compete and succeed on a national scale, potentially attracting further investment and job creation in the Arizona AZ entrepreneurs sector. By making bitcoin more accessible, Fold is also empowering consumers with new financial tools, giving them more control over their savings and spending in an increasingly digital economy. The company has already processed over $2.5 billion in transactions and distributed more than $70 million in bitcoin to its customers, demonstrating the tangible impact of its innovative services.

The Role of a Conducive Business Environment

This growth story underscores the importance of a business environment that encourages entrepreneurial innovation and minimizes unnecessary hurdles. When companies like Fold can find strategic partners and navigate regulatory frameworks efficiently, they are better positioned to expand, create value, and contribute to the overall economic growth and prosperity. Such an environment fosters resilience and allows businesses to adapt to evolving market demands, driving forward economic growth and supporting the aspirations of individuals and businesses alike.

Looking Ahead: Continued Innovation

Fold continues to build on its innovative foundation, with plans to expand its product offerings. The company aims to further integrate bitcoin into everyday financial services through its app, debit card, and upcoming credit card products. This ongoing commitment to entrepreneurial innovation ensures that Phoenix remains at the forefront of the evolving digital finance landscape, setting a precedent for other local businesses to pursue similar paths of growth and achievement.

Fold Holdings, Inc.’s nationwide expansion represents a significant achievement for a Phoenix-based company, showcasing the city’s role as a growing center for fintech innovation. This move not only broadens access to bitcoin financial services across the United States but also highlights the vibrant entrepreneurial spirit thriving within Phoenix AZ business. As local businesses continue to innovate and expand their reach through strategic partnerships and a supportive economic climate, they reinforce the foundations for sustained economic growth and opportunity. Readers are encouraged to explore and support the innovative solutions offered by local businesses that are shaping the future of finance and beyond.

Frequently Asked Questions

What is Fold Holdings, Inc.?

Fold Holdings, Inc. is a Bitcoin financial services company that allows users to earn, save, and spend bitcoin through everyday financial tools.

Where is Fold Holdings, Inc. headquartered?

Fold Holdings, Inc. is headquartered in Phoenix, AZ.

What is the scope of Fold’s recent expansion?

Fold Holdings, Inc. has expanded its services nationwide to all 50 U.S. states.

Which partnership enabled Fold’s nationwide expansion?

Fold’s nationwide expansion was enabled through a strategic partnership with BitGo Bank & Trust, National Association.

What allowed BitGo Bank & Trust to facilitate this nationwide expansion?

BitGo Bank & Trust received approval as a federally chartered bank from the Office of the Comptroller of the Currency (OCC), establishing a single, federally supervised trust framework.

What services does Fold offer?

Fold offers services including a prepaid debit card with bitcoin rewards, bitcoin rewards on gift card purchases, a Spinwheel for chances to win bitcoin, and will offer an upcoming Fold Bitcoin Credit Card™.

Is Fold Holdings, Inc. a publicly traded company?

Yes, Fold Holdings, Inc. is a publicly traded company on NASDAQ with the ticker symbol FLD.

Key Features of Fold Holdings, Inc.’s Nationwide Expansion

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Author: STAFF HERE PHOENIX WRITER

The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.