On October 8, COINOTAG reported that Fold, a prominent Bitcoin financial services platform, has filed an S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) as it gears up for a Nasdaq listing. The company holds an impressive treasury of over 1,000 BTC, reflecting its commitment to the cryptocurrency ecosystem. Previously, Fold unveiled its intention to go public with an estimated market valuation of $365 million. To facilitate this transition, Fold has entered into a merger agreement with the special purpose acquisition company (SPAC) FTAC Emerald Acquisition. Upon the successful consummation of this SPAC deal, Fold will officially debut on Nasdaq, although the ticker symbol remains under wraps. Known for its innovative debit card cashback application, Fold enables users to earn Bitcoin rewards on everyday purchases from major retailers like Amazon, Uber, and Starbucks, while integrating seamlessly with the Bitcoin Lightning Network to enhance transaction efficiency.
In addition to its core cashback functionalities, Fold offers users a variety of services tailored to cryptocurrency enthusiasts. These include the ability to buy Bitcoin on a recurring basis, earn Bitcoin rewards by fulfilling everyday bills, and a unique feature that rounds up purchases to the nearest dollar, converting the spare change into Bitcoin. Furthermore, users can securely store their cryptocurrency assets in a dedicated vault account, making it a multi-faceted platform for both spending and investing in Bitcoin. As the cryptocurrency market continues to evolve, Fold’s developments signify a crucial step toward mainstream adoption of digital currencies.
Source: https://en.coinotag.com/breakingnews/bitcoin-rewards-app-fold-files-for-nasdaq-listing-aiming-for-365-million-valuation/