Fold App Adds Bitcoin 'Kickbacks' for Purchases at Target, Starbucks

The crypto payments startup Fold, which launched a portal for buying Domino's pizza using the Lightning Network in February, now offers cash-back rewards in bitcoin to shoppers who use the mobile app for purchases at Amazon, Uber, Starbucks, Burger King, REI, and Target, just to name a few.

Already offers this feature for desktop users, and is developing a mobile app of its own.

Now with Fold entering the game, bitcoiners might benefit from competition between the shopping apps.

"It's akin to accruing rewards points, just these are denominated in satoshis ," Fold product lead Will Reeves told CoinDesk.

"They can be used for purchases within Fold or withdrawn to an actual bitcoin wallet."

Reeves said the lighting pizza feature has generated nearly $10,000 worth of transactions so far, with dozens of pizza purchases still rolling in every day.

"Lightning will be a powerful tool to help with the mainstream adoption of bitcoin," Adelman told CoinDesk.

"I'm excited to eventually share it with all our merchants."

"Soon, Fold users will be able to spend any currency they choose directly with these retailers and get free bitcoin for doing so," Reeves said.

"Beneath all the fun of shopping and rewards we intend to introduce a whole new paradigm to consumer spending."