Bold Credit Card: Spend Against Bitcoin Collateral

Bitcoin company Bold announced on Thursday it would launch a credit card to enable customers to spend against bitcoin held as collateral and earn BTC rewards on every purchase.

The offering differs from products made popular over the past couple of years because instead of allowing users to spend their bitcoin, it encourages them to HODL their coins and spend fiat money, like U.S. dollars, instead.

“The Bold card lets you spend on a line of credit collateralized by bitcoin held in collaborative custody,” the offering’s web page reads.

Author: Traciwininger

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