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Fold Holdings Inc. said on April 23 that it introduced a Bitcoin Bonus Program for employers, expanding its push into workplace financial services. The offering allows companies to distribute recurring bitcoin bonuses tied to traditional payroll schedules, with employers able to set bonus amounts in U.S. dollars while the platform manages conversion into bitcoin, custody, vesting, and delivery through its mobile platform.
Fold described the program as its first offering from Fold Business, a B2B bitcoin financial platform that extends Fold’s bitcoin tools to businesses and their employees. “The Bitcoin Bonus Program is the first offering from Fold Business, a first of its kind, B2B bitcoin financial platform that extends Fold’s best-in-class bitcoin financial tools to businesses and their employees,” the company said.
Fold said it launched the Bitcoin Bonus Program because it identified a gap in how bitcoin can be incorporated into everyday workplace compensation. CEO and co-founder Will Reeves said the company is positioning itself as core infrastructure for everyday bitcoin use by embedding BTC into existing financial and workplace systems.
Under the model, companies can issue recurring bitcoin bonuses while Fold handles automatic conversion, custody, and vesting. Fold’s approach is designed to use employers to bring bitcoin into familiar payroll-linked processes, framing bitcoin as a compensation and retention mechanism rather than a replacement for wages.
Fold identified Steak ’n Shake as its flagship partner. The company highlighted a workforce of more than 10,000 employees across the United States. Fold said the restaurant chain is deploying bitcoin as an integrated layer across payments, customer engagement, and a limited balance sheet exposure approach.
According to the release, Steak ’n Shake accepts BTC via the Lightning Network and directs a portion of transaction flow into a Strategic Bitcoin Reserve, while also accumulating BTC through direct purchases. The brand also ties bitcoin rewards to menu items and promotions to encourage customer engagement and repeat spending.
Fold said the structure is intended to provide supplemental incentives rather than replacing wages. The announcement stated: “Through its program with Fold, Steak ’n Shake is enabling these employees to earn bitcoin as part of their compensation experience.”
Fold also said the system enables employees to accumulate bitcoin over time, with vesting features tied to tenure. It added that Simple Mining adopted the system as well, using recurring bitcoin allocations for salaried staff based on employment duration.
Fold said quick-service restaurants, retail businesses, and service-sector employers could benefit from the model. It also pointed to interest from tech-oriented employers exploring alternative compensation tools.
Reeves said: “The employer sets the terms in dollars. Fold handles everything else.”
The company added that Fold Business will expand into additional services, including payroll solutions, corporate bitcoin treasury management, and business-focused financial tools.
Separately, U.S. lawmakers have introduced the PACE Act to modernize payment systems and reduce transaction costs. The article content provided did not include further details on the bill’s provisions or timeline.
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