Common use of Cryptocurrency Networks; Forks Clause in Contracts

Cryptocurrency Networks; Forks. International Payments does not own or control the underlying software protocols which govern the operation of Cryptocurrency. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them. International Payments is not responsible for operation of the underlying protocols, and International Payments makes no guarantee of their functionality, security, or availability. The underlying protocols are subject to sudden changes in operating rules (“Forks”), and such Forks may materially affect the value, function, or even the name of the Cryptocurrency In the event of a Fork or any other similar operational change to a Cryptocurrency network International Payments may take all steps that it determines necessary to protect the security and safety of the Platform, including temporarily suspending Transactions (with or without advance notice to Me). International Payments will use its reasonable efforts to provide notice to Me of its response to any Fork or similar operational change affecting a Cryptocurrency. In response to a Fork or other similar operational change, International Payments may determine not to support Transactions that would involve or require the particular Cryptocurrency. I understand and accept the risks of Forks and other similar operating changes to Cryptocurrency available through the Platform. I agree that You are not responsible for any loss of value that I may experience as a result, whether directly or indirectly, from any such Fork or similar operating change.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

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Cryptocurrency Networks; Forks. International Payments Dollarize Financial does not own or control the underlying software protocols which govern the operation of Cryptocurrency. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them. International Payments Dollarize Financial is not responsible for operation of the underlying protocols, and International Payments Dollarize Financial makes no guarantee of their functionality, security, or availability. The underlying protocols are subject to sudden changes in operating rules (“Forks”), and such Forks may materially affect the value, function, or even the name of the Cryptocurrency In the event of a Fork or any other similar operational change to a Cryptocurrency network International Payments Dollarize Financial may take all steps that it determines necessary to protect the security and safety of the Platform, including temporarily suspending Transactions (with or without advance notice to Me). International Payments Dollarize Financial will use its reasonable efforts to provide notice to Me of its response to any Fork or similar operational change affecting a Cryptocurrency. In response to a Fork or other similar operational change, International Payments Dollarize Financial may determine not to support Transactions that would involve or require the particular Cryptocurrency. I understand and accept the risks of Forks and other similar operating changes to Cryptocurrency available through the Platform. I agree that You are not responsible for any loss of value that I may experience as a result, whether directly or indirectly, from any such Fork or similar operating change.

Appears in 2 contracts

Samples: Dollarize Financial, Customer Agreement

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