We collect, use and disclose your personal information to: (a) verify your identity; (b) the evaluation of your application; (c) comply with our legal, regulatory, security and process requirements; (d) authorize and process your transactions, including the management and servicing of your loan and the processing of payments; (e) the detection and prevention of fraud; (f) enforce your loan and collect any outstanding debt; (g) Maintain our records, including those necessary in the event of a sale of all or part of our business; and (h) and otherwise with your consent, as described in our Privacy Policy, or as permitted or required by law. The personal information we collect, use and disclose for these purposes includes: name and contact information; bank account information; financial and identity information; income information; Information about your ongoing interactions with us; Social security number, date of birth and other personal identifiers (if you provide them to us); and other information with your consent or to the extent permitted or required by law. Social Security numbers, dates of birth, or other identifiers, if collected, can be used to verify your identity. You authorize us and any person acting on our behalf (including our affiliates) to disclose your personal information to affiliates, your employer and financial companies and institutions with whom you have had or may have a financial relationship for the purposes described above and to collect your personal information from them. We may share this information with our affiliates and third-party service providers who help collect debts, or with agencies that purchase debt. We may share your information with service providers acting on our behalf to process or store your personal information. If you have provided personal data in relation to a third party, you declare that you have obtained the consent of that person to provide us with their personal data. For more information or if you have any questions, you can contact our data protection officer at privacy@ledn.io or visit our website at platform.ledn.io/privacy-policy to obtain a copy of our privacy policy. Both agreements allow the borrower to monetize and use their crypto assets to provide liquidity without having to sell their underlying crypto assets. At the same time, the lender is able to generate additional secured loans with attractive returns using a credit structure that can minimize their risk in the event of a borrower default. Breakdown of the funded amount of USD$ {{loanAmount}} This Agreement is the entire agreement between you and us with respect to the subject matter contained herein.
This Agreement supersedes all other oral or written agreements or representations between us, whether past or present, except that any promises or consents you have made in your loan application will continue to apply. YOU AGREE AND ACKNOWLEDGE THAT YOU DO NOT RELY ON OR CONSIDER MATERIAL ANY STATEMENTS OR OTHER AGREEMENTS THAT ARE NOT EXPRESSLY INCORPORATED INTO AND FORM PART OF THIS AGREEMENT. Florida Residents: In the Disclosure Statement of the Truth in The Loans Above, if the amount financed is $25,000 or less and the APR is 18% or more, this loan will be granted under the Florida Consumer Finance Act. Tracking usually includes detailed records of the date and time of crypto acquisition, the value and assignment of the database, etc. In many cases, companies have chosen to switch to stablecoins to reduce the uncertainty associated with price fluctuations of traditional crypto assets. (For more information about the use of these wallets and the importance of basic tracking, see Companies Investing in Crypto and “Tax Treatment of Crypto Payments” and “Tax Treatment of Crypto Expenses” below.) For example, this conversion may involve switching from Bitcoin to a stablecoin such as USD Coin (USDC), Gemini Dollar (GUSD) or Paxos Standard Coin (PAX). Once the swap is complete, crypto will be easier to use for traditional banking and treasury transactions. This includes withdrawals or the execution of payments on demand, which are now facilitated by real-time transparency for the parties involved, without the delays and costs of traditional transfers. More than 2,300 U.S.
businesses accept Bitcoin, according to a late 2020 estimate, and that doesn`t include Bitcoin ATMs. More and more companies around the world are using Bitcoin and other digital assets for various investment, operational and transactional purposes. Before offering a crypto loan, it is important for the potential lender to understand the contractual mechanisms and remedies required both to take collateral on a particular crypto asset and to enforce its security in the event of default. Since all businesses must comply with the rules and regulations established by OFAC, they must be able to determine which crypto purchase they ultimately accept or pay for (or have it determined by a trusted third party). Attention should be drawn to sanctioned and restricted Bitcoin and other crypto addresses. More and more companies around the world are using Bitcoin and other digital assets for various investment, operational and transactional purposes. As with any border, there are unknown dangers, but also strong incentives. Explore the types of questions and ideas businesses should consider when deciding whether or not to use digital assets. You will perform and deliver or cause to be performed and deliver all actions and things to execute and deliver all agreements, documents and instruments that we need and to take all additional steps regarding the loan, guarantee and this agreement to the extent we need them by acting appropriately. We will not advance funds until you transfer the initial guarantee described on the first page of this Agreement to the “Guarantee Wallet”, i.e.
the address of the digital asset wallet to the custodian bank at the Bitcoin deposit address or any other wallet address to which we can refer you for the transfer of the guarantee. The “custodian” is BitGo Trust Company, Inc., a trust company incorporated under the laws of South Dakota, or any other custodian bank that we designate as the custodian of the guarantee. We may change the location of the collateral wallet or custodian bank without notice. You and we agree that the holding of digital assets by us through the custodian bank constitutes the application of due diligence with respect to the retention and retention of the collateral and we do not accept any responsibility for matters delegated to the custodian bank. Enabling crypto payments like Bitcoin without putting them on the company`s balance sheet can be the easiest and fastest entry point into using digital assets. It may require the slightest adjustment across all business functions and can serve immediate purposes, such as . B.dem reach a new customer base and increase the volume of each sales transaction. Companies that adopt this limited use of cryptography usually rely on third-party providers. (D) You will use the loan proceeds only for lawful purposes. This is a default event under this Agreement if any of the following occurs (each, a “Default Event”): (A.) You will not pay any amount due under this Agreement at the due date.
(B.) You do not comply with or perform any terms, conditions, warranties, representations or representations under this Agreement or any other present or future agreement you have entered into with us. (C.) A trigger event occurs and you cannot store additional warranty if necessary. (D.) The LTV ratio exceeds the liquidation LTV. (E.) You become insolvent, go bankrupt, be the subject of a receipt order or grant an assignment in favor of creditors or you die. .