Fold Holdings has launched a new Bitcoin Bonus Program that lets employers offer recurring bitcoin-denominated bonuses without changing payroll systems, positioning it as the first product under its new Fold Business platform.

Employers set bonus amounts in dollars on their normal payroll schedule, while Fold handles conversion to bitcoin, custody, vesting and delivery through the Fold app.

Fold describes the Bitcoin Bonus Program as an employer-grade bonus vehicle that can function both as a benefit and as a retention tool. 

The company says employees can track and hold their bitcoin over time, turning what is often a spent-on-arrival cash bonus into a longer-term asset….

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