Fold Launches Nationwide Bitcoin Services Across All 50 States With BitGo
Summary
Fold Holdings, Inc. ($FLD), a Bitcoin financial services company, announced its platform is now operational across all 50 U.S. states. This expansion is enabled by a strategic partnership with BitGo Bank & Trust, which recently secured a federal bank charter from the OCC. This move establishes Fold as the first platform to operate nationwide under a single, federally supervised trust framework, overcoming previous state-by-state licensing barriers that restricted access, especially in markets like New York. CEO Will Reeves stated this creates the U.S.'s first true national framework for Bitcoin access, replacing fragmented state rules with a unified, regulated structure. The expanded reach will benefit consumer products like the Bitcoin Gift Card and the upcoming Fold Bitcoin Credit Card. BitGo provides the necessary digital asset infrastructure under this federal compliance umbrella, allowing both companies to operate responsibly across the entire country.
(Source:Bitcoin Magazine)