Gate News bot reports that according to CoinDesk, Fold Holdings (FLD) notified customers earlier on Monday afternoon that the launch of its Fold Bitcoin credit card will be delayed. As a result of this news, its stock price quickly fell over 7%.
Fold stated in an email to customers: “A key infrastructure partner unexpectedly exited the credit card business, disrupting our planned promotional schedule. Therefore, the launch of the Fold Bitcoin credit card has been delayed as we need to turn to a new partner that aligns better with our long-term development plans.”
Fold was launched in February this year, with an issuance price of about 10 dollars per share, but then quickly fell, hitting the bottom in mid-April at 2.51 dollars. The current stock price is 4.25 dollars.
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