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Fold, a trailblazing Bitcoin Rewards Company, has recently made public its decision to establish a new operational base in El Salvador. The strategic move aims to enhance the company’s footprint in Latin America, reaffirming Fold’s unwavering commitment to making bitcoin a universally accessible and straightforward monetary tool.
Fold’s CEO, Will Reeves, enthusiastically announced, “We’re thrilled to be establishing an office and local team in El Salvador.” The choice of location has been significantly influenced by El Salvador’s proactive stance towards bitcoin and its pioneering efforts in adopting advanced monetary technologies.
With its audacious move, Fold positions itself at the heart of the Bitcoin revolution. El Salvador’s progressive policies and open embrace of Bitcoin have made it an attractive hub for forward-thinking companies like Fold.
Fold has a vision of significant growth and influence in El Salvador. The company is gearing up to announce key partnerships with substantial entities in the region. Its innovative rewards program and integrated Bitcoin infrastructure position the company as a valuable player for both consumers and businesses.
With a track record of processing over $1 Billion in volume via its Bitcoin rewards infrastructure, Fold’s capabilities are impressive and hint at the potential impact the company might have in this new market.
El Salvador’s National Bitcoin Office, represented by Stacy Herbert, warmly welcomes Fold’s expansion into the country. Herbert stated, “President Bukele wants the best and the brightest to move to El Salvador to come build new capital markets and the future of finance. Fold certainly fits that description and we are excited to welcome them to Bitcoin Country.”
The establishment of an office in El Salvador marks a significant development in Fold’s global journey. With a local team on the ground, Fold will be better equipped to offer personalized support to its users and partners in Latin America. The move signifies a leap towards achieving Fold’s vision of building an extensive, worldwide Bitcoin community.