Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 88

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 88
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 Bitcoin -basedservices. Our main competition falls into the following categories: •traditional financial firms that have entered the Bitcoin market in recent years and offer overlapping features targeted at our customers; •financial technology providers that do not focus on Bitcoin and may attempt to position themselves as a safer alternative to our products and services; •mobile payment companies; and •companies focused on the Bitcoin market, some of whom choose to operate outside of local rules and regulations or in jurisdictions with less stringent local rules and regulations and are potentially able to more quickly adapt to trends and to develop new Bitcoin -basedproducts and services due to a different standard of regulatory scrutiny. Many innovative start -upcompanies and larger companies have made, and continue to make, significant investments in research and development, and we expect these companies to continue to develop similar or potentially superior products and technologies that compete with our products. Further, more traditional financial and non -financialservices businesses may choose to offer Bitcoin -basedservices in the future as the industry gains adoption. Our current and potential competitors may establish cooperative relationships among themselves or with third parties that may further enhance their resources. Our existing competitors have, and our potential competitors are expected to have, various competitive advantages over us, such as: •the ability to offer products and services that we do not support or offer on our platform (due to constraints from regulatory authorities, our banking partners, and other factors) such as digital assets that constitute securities or derivative instruments under U.S. or foreign laws; 46 •greater name recognition, longer operating histories, larger customer bases, and larger market shares; •larger sales and marketing budgets and organizations; •more established marketing, banking, and compliance relationships; •greater customer support resources; •greater resources to make acquisitions; •lower labor, compliance, risk mitigation, and research and development costs; •larger and more mature intellectual property portfolios; •greater number of applicable licenses or similar authorizations; •operations in certain jurisdictions with lower compliance costs and greater flexibility to explore new product offerings; and •substantially greater financial, technical, and other resources. If we are unable to compete successfully, or if competing successfully requires us to take costly actions in response to the actions of our competitors, our business, operating results, and financial condition could be adversely affected. Our long-term success depends on our ability to develop new and innovative products and services to address and keep pace with the rapidly evolving market for payments and financial services, and, if we are not able to implement successful enhancements and new features for our products and services