PANews reported on May 27th that, according to GlobeNewswire, Fold Holdings (NASDAQ: FLD) has signed a four-year senior secured revolving credit agreement with Encina Lender Finance, with a maximum size of $150 million including uncommitted increments, to enhance the issuance capacity of its Fold Bitcoin Credit Card project. This facility, secured by consumer credit card receivables, provides funding for subsequent card issuances by Fold without diluting its equity. Fold has already begun issuing cards to a select group of waiting list users and will gradually expand to more users in the future. The Fold Bitcoin Credit Card is based on the Visa network and powered by Stripe Issuing. Users can earn up to 4% Bitcoin cashback on purchases and receive additional rewards for Bitcoin repayments.