About
We build apps for spending bitcoin. Our first is Fold, a mobile payment app for spending bitcoin at major retail stores like Starbucks, Target, Walmart, & Whole Foods. Try it now at Starbucks by visiting https://coffee.foldapp.com. We tested the market with a prototype web app called Coin for Coffee. From May to August 2014, we acquired over 200 customers, who bought over $5000 worth of coffees, pastries and everything else at Starbucks using bitcoin. We've just rebranded the service, and are now expanding to other brands, as well as a native mobile app. We are focused on the consumer bitcoin payments market because using bitcoin as a daily currency is difficult. This is a huge obstacle to its growth. We're able to move quickly to the fill the demand for consumer bitcoin payments- with clear regulatory guidance from FinCEN, and an approach that avoids long merchant sales cycles.