There are a couple things that I noticed in this one:
- This year, we will be eliminating Fold+ subscriptions so every customer gets a consistent experience with Fold. We aim to return pro-rated subscription fees to all existing Fold+ members later in Q1 and all Fold members will get access to an upgraded experience.
- Customer bitcoin is now custodied by a federally regulated national bank. Assets will be bankruptcy-remote and protected by BitGo’s $250 million dollar aggregate insurance policy if certain conditions are met.
Subscriptions are annoying. I have a feeling a lot of companies will trend away from subscriptions (or maybe I just want this).
Bitcoin insurance is something I noticed a number of times last year. Honestly, I'm surprised this isn't more of a thing at exchanges or in the bitcoin treasury world. Feels like there is some real money to be made offering insurance on the monster stacks that some of these places have (especially custodians).
I'm surprised they're dropping subscriptions. When I did their survey for potential new card features, it seemed like they wanted to charge a lot more for subscriptions.
ohh boy! Yeah, samezies. But it was a thing during ZIRP, every (listed?) company went for as much "lock-in" subscription revenue as possible. Pretty sick