Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 28

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 28
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 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, our business, operating results and
financial condition could be materially and adversely affected.

Rapid and significant technological changes continue
to confront the industries in which we operate, including developments in digital banking, mobile financial apps, and point-of-service
solutions, as well as developments in Bitcoin and in tokenization, which replaces sensitive data (e.g., payment card information)
with symbols (tokens) to keep the data safe in the event that sensitive data is stolen or viewed by unauthorized third parties.

These new and evolving services and technologies
may be superior to, impair, or render obsolete the products and services we currently offer or the technologies we currently use to provide
them. Incorporating new technologies into our products and services may require substantial expenditures and take considerable time, and
we may not be successful in realizing a return on these development efforts in a timely manner or at all. Our ability to develop new and
innovative products and services may be inhibited by industry-wide standards, payment networks, existing and future laws and regulations,
resistance to change from our users or third parties’ intellectual property rights. Our success will depend on our ability to develop
new technologies and to adapt to technological changes and evolving industry standards. If we are unable to provide enhancements and new
features for our products and services or to develop new and innovative products and services that achieve market acceptance or that keep
pace with rapid technological developments and evolving industry standards, our business, operating results and financial condition would
be materially and adversely affected.

We often rely not only on our own initiatives and
innovations, but also on third parties, including some of our competitors, for the development of and access to new technologies and development
of a robust market for these new products and technologies. Failure to accurately predict or to respond effectively to developments in
our industry may significantly impair our business.

As we expand and localize our international activities, our obligations
to comply with the laws, rules, regulations, and policies of a variety of jurisdictions will increase and we may be subject to inquiries,
investigations, and enforcement actions by U.S. and non-U.S. regulators and governmental authorities, including those related
to sanctions, export control, and anti-money laundering.