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Effective Date: 21 May 2026
These Terms of Use (“Terms”) govern your use of the Deffio mobile application (the “App”) and any related website(s) (collectively, the “Platform”), which are operated and provided by BETELGEUSE CORPORATION LTD, a company registered in England with Company Number 14716123, having its legal address at 85 Great Portland Street, First Floor, London, England, W1W 7LT (“Betelgeuse,” “we,” “us,” “our”). The Platform allows you to access and use certain cryptocurrency wallet and exchange services, including but not limited to storing digital assets, sending and receiving digital assets, and exchanging digital assets (“VASP Services”). These VASP Services are provided by PELOTON sp. z o.o. (“Peloton”), a Virtual Asset Service Provider registered in Poland with Company Number (KRS) 0001132722, NIP: 8133922725, having its legal address at ul. Jana III Sobieskiego 17, 35-002 Rzeszów, Poland.
Open Banking (on-ramp), off-ramp, and bank-to-bank transfer services available through the Platform are provided by CAPITOLIO INC. (“Capitolio”), a company incorporated in Canada, registered as a Money Services Business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC MSB No. M24928320), having its legal address at 700-602 12 Ave SW, Calgary, Alberta, T2R 1J3, Canada (“Payment Services”).
For the purposes of these Terms:
These Terms have been drafted by us to describe the terms and conditions that govern your use of all versions of the Application and the Services.
AGREEMENT TO TERMS
By clicking on the “Accept Terms” button or by accessing the Platform or using any or all of the Services, you agree that you have read, understood, and accept these Terms in their entirety. You further confirm that you are legally competent to enter into these Terms with Betelgeuse (for App Services), Peloton (for VASP Services), and Capitolio Inc. (for Payment Services). If you do not agree to be bound by these Terms, you may not access or use the Platform or any Services.
NEITHER BETELGEUSE NOR PELOTON NOR CAPITOLIO INC. PROVIDE INVESTMENT OR FINANCIAL ADVICE OR COUNSELLING. PELOTON IS A VASP SERVICES PROVIDER, AND BETELGEUSE PROVIDES THE APP SERVICES ENABLING ACCESS TO PELOTON VASP SERVICES. CAPITOLIO INC. PROVIDES PAYMENT SERVICES ENABLING FIAT PAYMENT PROCESSING AND BANK-TO-BANK TRANSFERS. WE DO NOT GIVE ADVICE OR RECOMMENDATIONS REGARDING YOUR PARTICIPATION IN ANY DIGITAL ASSET TRANSACTIONS OR DEALINGS. DECISIONS ABOUT PARTICIPATING IN TRANSACTIONS OR DEALING IN DIGITAL ASSETS MUST BE AT YOUR OWN DISCRETION.
PRIVACY POLICY
Please refer to the “Privacy Policy” for information on how we collect, use and disclose information from our App users. You acknowledge and agree that your use of the Services is subject to the Privacy Policy. You further agree that we may collect, use and/or disclose your information (including any personal data you provide to us) in accordance with the Privacy Policy.
CHANGES TO TERMS OR SERVICES
We may modify the Terms at any time at our sole discretion. If we do so, we’ll let you know either by posting the modified Terms on the App, by providing you notice through the App, or through other methods of communication which we deem reasonable. The modified Terms will be effective at the time they are posted on the App. It’s important that you review the Terms whenever we modify them because if you continue to use the Services after we have modified the Terms, you are agreeing to be bound by the modified Terms. If you don’t agree to be bound by the modified Terms, then you may not use the Services. Because our Services are evolving over time, we may change or discontinue all or any part of the Services, at any time and without notice, at our sole discretion.
WHO CAN USE THE SERVICES
Eligibility
You may use the Services if you are at least 18 years old and not disqualified from using the Services in accordance with applicable law.
Prohibited countries
You are not allowed to use the service if you are a resident or from the following countries: Afghanistan, American Samoa, Austria, Bahamas, Barbados, Bosnia and Herzegovina, Botswana, Burundi, Central African Republic, China, Cuba, Democratic Republic of Congo, Egypt, Ethiopia, Gaza Strip, Ghana, Guam, Guinea-Bissau, Guyana, Iran, Iraq, Jamaica, Japan, Lao People’s Democratic Republic, Lebanon, Libya, Mali, Mauritius, Myanmar, Nicaragua, North Korea, Pakistan, Panama, Puerto Rico, Russian Federation, Samoa, Serbia, Singapore, Somalia, South Sudan, Sudan, Syria, The Northern Mariana Islands, Trinidad & Tobago, Tunisia, U.S. Virgin Islands, Uganda, United Kingdom, United States of America, Vanuatu, Venezuela, West Bank (Palestinian Territory, Occupied), Yemen, and Zimbabwe.
Registration and information
If you wish to use the Services, you must either import or create a wallet. When you create a wallet, you will be assigned a private key. You agree that you will not disclose your account details to anyone and will inform us immediately of any unauthorized use of your account. If you suspect that your Account or any of your security details have been compromised, you must notify Support ([email protected]) immediately.
You are solely responsible for maintaining the confidentiality and security of your private key. You are responsible for all activities that occur under your account. We reserve the right to suspend or terminate your Account if you provide inaccurate, misleading or incomplete information or fail to comply with these Terms.
IF YOU DO NOT GENERATE OR LOSE YOUR RECOVERY PHRASE, YOU WILL NOT BE ABLE TO ACCESS YOUR CRYPTOCURRENCY IN THE APP. YOU ACKNOWLEDGED THAT WE DOES NOT HAVE ANY RESPONSIBILITY FOR THE SECURITY OF YOUR RECOVERY PHRASE.
OWNERSHIP AND CONTROL
You own and control digital assets held in your Account. As the sole owner of digital assets in your Account, you shall bear all risk of loss of such digital assets. We shall have no liability for digital asset fluctuations or loss associated with your use of the App.
SERVICES
The App Services provided by Betelgeuse include access to non-custodial wallet software for digital assets. This means you are solely in control of and responsible for your Digital Assets and private keys, and accordingly, you can authorize transactions from your wallet address using the VASP Services provided by Peloton. You expressly acknowledge and agree that, due to the non-custodial nature of this software component, you are solely responsible for managing your private keys and any risk of loss at all times.
VASP SERVICES PROVIDED BY PELOTON ALLOW YOU TO:
The third party providing VASP Services is PELOTON sp. z o.o. (KRS: 0001132722, NIP: 8133922725, VASP License: RDWW-1567). You acknowledge and agree that: (i) Betelgeuse is not responsible for your use of VASP Services; (ii) you will be subject to any terms imposed by Peloton; (iii) Betelgeuse and Peloton have no ability to change or cancel any conversion requests once confirmed; (iv) Betelgeuse and Peloton are not responsible for exchange rates offered by third-party providers; and (v) Betelgeuse and Peloton are not responsible for fees charged by third-party providers other than fees disclosed by Peloton.
Payment Services provided by Capitolio Inc.
Capitolio Inc. (FINTRAC MSB No. M24928320) provides Payment Services integrated into the Platform, including Open Banking on-ramp and off-ramp infrastructure. By using these Payment Services, you acknowledge and agree that:
(i) On-ramp: When you initiate a purchase of Digital Assets using a bank transfer (including SEPA or SEPA Instant), your fiat payment is received and processed by Capitolio Inc. as the licensed payment provider. Deffio does not receive or hold your fiat funds. Following receipt and AML/KYC verification of your payment, Digital Assets are sourced through regulated third-party liquidity providers and delivered to your wallet.
(ii) Off-ramp: When you initiate a sale of Digital Assets for fiat, your cryptocurrency is received within the infrastructure associated with Capitolio Inc. and its partners. Following AML/KYC screening and conversion through regulated third-party liquidity providers, fiat proceeds are disbursed to your designated bank account via Capitolio Inc.’s payment infrastructure (SEPA / SEPA Instant or SWIFT).
(iii) Deffio does not control and is not responsible for: the processing of fiat payments, conversion rates, or the timing of fiat disbursements. These processes are dependent on Capitolio Inc. and its regulated partners.
(iv) KYC/AML screening in connection with Payment Services may be performed by Capitolio Inc. and/or regulated third-party providers in the processing chain. By using the Payment Services you consent to your personal data being processed for AML/CTF compliance purposes in accordance with the Privacy Policy.
(v) Betelgeuse is not responsible for your use of the Payment Services provided by Capitolio Inc. and shall have no liability whatsoever in connection with such use.
WALLET ADDRESS, PRIVATE KEY, AND BACKUP CAPABILITIES
An encrypted backup of certain information associated with your wallet can be stored on eligible devices. The private key is associated with the wallet address and, together, they can be used to authorize the transfer of Digital Assets to and from that wallet address. You are solely responsible for the retention and security of your private key and any mnemonic phrase (“Secret Phrase”) associated with your wallet. You must keep your wallet address, Secret Phrase, and private key access information secure. It is very important that you back up your private keys, backup phrases or passwords. Failure to do so may result in the loss of control of Digital Assets associated with your wallet. You acknowledge and agree that we do not receive or store your wallet password, encrypted private key, unencrypted private key, or Secret Phrase associated with your wallet. We cannot generate a new password for your wallet if you fail to remember your original password. If you have not safely stored a backup of any wallet address and private key pairs maintained in your wallet, you accept and acknowledge that any Digital Assets you have associated with such wallet address will become inaccessible. Accordingly, we shall have no responsibility or liability whatsoever in the event you are unable to access your wallet for any reason including without limitation your failure to keep your wallet address, Secret Phrase and private key information secure.
DIGITAL ASSET TRANSACTIONS
When you initiate Digital Asset transactions using the VASP Services provided by Peloton via the App Services:
ACCURACY OF INFORMATION PROVIDED BY USER
You represent and warrant that any information you provide via the Services is accurate and complete. You accept and acknowledge that we are not responsible for any errors or omissions that you make in connection with any Digital Asset transaction initiated via the Services. We strongly encourage you to review your transaction details carefully before attempting to transfer a Digital Asset.
PUSH NOTIFICATIONS
You can receive push notifications from us which will alert you when transactions involving your wallet are completed. You can access this service by going to “Settings” and turning “Push notifications” on/off.
TRANSACTION FEES
There may be transaction fees (e.g. mining fees) associated with your virtual currency transactions that are required by the virtual currency system or blockchain network that you engage with. You must ensure that you have an adequate balance in your wallet and/or “gas” to complete transactions before initiating a transaction. You acknowledge and agree that we will not be liable for any failed transactions or losses you incur due to incorrectly set transaction fees (i.e. too low or too high) or due to insufficient funds or gas associated with your wallet address. You further acknowledge and agree that we do not have access to your or anyone else’s transactions.
ACCEPTABLE USE AND ENFORCEMENT RIGHTS
You agree not to use the Services in ways that: Violate, misappropriate, or infringe our rights, our users, or others, including privacy, publicity, intellectual property, or other proprietary rights; Are illegal, defamatory, threatening, intimidating, or harassing; Involve impersonating someone; Breach any duty toward or rights of any person or entity, including rights of publicity, privacy, or trademark; Avoid, bypass, remove, deactivate, impair, descramble or otherwise circumvent any technological measure implemented by us or any of our service providers or any other third party (including another user) to protect the Services or Content; Disguise your location through IP proxying or other methods; Interfere with, or attempt to interfere with, the access of any user, host or network, including, without limitation, sending a virus, overloading, flooding, spamming, or mail-bombing the Services; Violate any applicable law or regulation; or Encourage or enable any other individual to do any of the foregoing. You agree to comply with all applicable laws including but not limited to export restrictions, end-user restrictions, antiterrorism laws, and economic sanctions. You are not permitted to download the App or use the Services if doing so would violate applicable laws and regulations, including but not limited to those promulgated by the United Nations Security Council, Singapore, the United Kingdom, the United States (including those prohibiting dealings with sanctioned persons identified by the U.S. Department of the Treasury’s Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons (“SDN”), or other U.S. non-SDN restricted or prohibited parties lists, and those prohibiting dealings with persons organized, resident, or located in comprehensively sanctioned jurisdictions), and/or any other applicable national, provincial, federal, state, municipal or local laws and regulations (each as amended from time to time).
THIRD PARTY MATERIALS
The Services and App may contain links to third-party services (“Third Party Materials”). When using any Third Party Materials, you understand that you are at no time transferring your assets to us. We provide access to Third Party Materials only as a convenience, do not have control over their content, and do not recommend, warrant or endorse, and are not responsible for the availability or legitimacy of, the content, products, services, or assets on or accessible from those Third Party Materials (including any related websites, resources or links displayed therein). You are solely responsible for any fees or costs associated with accessing Third Party Materials. We make no warranties or representations, express or implied, about such linked Third Party Materials, the third parties they are owned and operated by, the information contained on them, the suitability of their products or services, or the assets they make accessible. You acknowledge sole responsibility for and assume all risk arising from your use of any Third Party Materials, third-party websites, applications, or resources. Third Party Materials may provide access to assets which have high risks of illiquidity, devaluation, lockup, or loss. We and our affiliates shall not bear any liability, whatsoever, for any damage caused by any Third-Party Materials. You should use care in linking your Wallet with any Third-Party Materials or otherwise providing any third-parties with access to your App.
TERMINATION
Betelgeuse may terminate or suspend your access to and use of the App Services, at its sole discretion, at any time and without notice to you, for reasons including but not limited to a breach of these Terms. Peloton may terminate or suspend your access to and use of the VASP Services, at its sole discretion, at any time and without notice, particularly for reasons related to security, legal or regulatory requirements, or a breach of these Terms related to VASP Services. Termination of App Services by Betelgeuse may consequently lead to inability to access VASP Services. Termination of VASP Services by Peloton may make certain App Services unusable. You may cancel your Account at any time. Upon any termination, discontinuation or cancellation of Services or your Account, all rights granted to you under these Terms with respect to the terminated Services shall immediately cease and terminate, and you shall forthwith cease to use access of the App in any way whatsoever; and notwithstanding the foregoing, all provisions will survive.
WARRANTY DISCLAIMERS
YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE APP SERVICES (PROVIDED BY BETELGEUSE) AND THE VASP SERVICES (PROVIDED BY PELOTON) AND ANY CONTENT ACCESSED THEREIN IS AT YOUR SOLE RISK AND THAT THE ENTIRE RISK AS TO SATISFACTORY QUALITY, PERFORMANCE, ACCURACY AND EFFORT IS WITH YOU. THE APP SERVICES AND VASP SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY FROM EITHER BETELGEUSE OR PELOTON, EXCEPT AS REQUIRED BY APPLICABLE LAW. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, BETELGEUSE AND PELOTON SPECIFICALLY DISCLAIM ANY EXPRESS OR IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND/OR NON-INFRINGEMENT[cite: 107]. NEITHER BETELGEUSE NOR PELOTON MAKE ANY REPRESENTATIONS OR WARRANTIES THAT ACCESS TO THE SERVICES OR ANY OF THE MATERIALS CONTAINED THEREIN WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, OR ERROR-FREE[cite: 108, 109]. SERVICE INTERRUPTIONS MAY CAUSE YOU TO BE SIGNED OUT OF YOUR ACCOUNT AND REQUIRE YOU TO RE-ENTER YOUR RECOVERY PHRASE TO REGAIN ACCESS. YOU ARE SOLELY IN CONTROL OF AND RESPONSIBLE FOR STORING AND SECURING YOUR PRIVATE KEY AND RECOVERY PHRASE FOR THE APP. WE DO NOT STORE A BACKUP OF, AND WILL NOT BE ABLE TO RECOVER, YOUR PRIVATE KEY OR RECOVERY PHRASE. IF YOU LOSE YOUR RECOVERY PHRASE, THEN YOU WILL LOSE ACCESS TO ALL ASSETS YOU HAVE STORED IN YOUR WALLET. DO NOT LOSE YOUR RECOVERY PHRASE.
INDEMNITY
To the extent permitted by applicable law, you agree to defend, indemnify, and hold harmless us (which for the purposes of this indemnity includes both Betelgeuse and Peloton), our affiliates, and our respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers and contractors, from and against any and all claims, damages, obligations, losses, liabilities, tort, costs or debt, and expenses (including, but not limited to, attorney’s fees) arising from: (a) your use of and access to the Services; (b) any feedback or submissions you provide to us concerning App; (c) violation of any Third Party Content (d) your violation of the Terms; or (e) your violation of any law, rule, or regulation, or the rights of any third party.
LIMITATION OF LIABILITY
TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, NEITHER BETELGEUSE NOR PELOTON NOR CAPITOLIO INC. (NOR THEIR RESPECTIVE AFFILIATES, SHAREHOLDERS, MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS, AGENTS, REPRESENTATIVES, SUPPLIERS AND CONTRACTORS) SHALL BE LIABLE FOR DAMAGES OF ANY TYPE, WHETHER DIRECT OR INDIRECT, ARISING OUT OF OR IN ANY WAY RELATED TO YOUR USE OR INABILITY TO USE THE APP SERVICES (IN THE CASE OF BETELGEUSE), THE VASP SERVICES (IN THE CASE OF PELOTON), OR THE PAYMENT SERVICES (IN THE CASE OF CAPITOLIO INC.), INCLUDING BUT NOT LIMITED TO DAMAGES ALLEGEDLY ARISING FROM THE COMPROMISE OR LOSS OF YOUR LOGIN CREDENTIALS OR FUNDS, OR FOR MISTAKES, OMISSIONS, INTERRUPTIONS, DELAYS, DEFECTS AND/OR ERRORS IN THE TRANSMISSION OF TRANSACTIONS OR MESSAGES TO ANY DIGITAL ASSET NETWORK.
SUBJECT TO APPLICABLE LAW AND REGULATORY OBLIGATIONS OF PELOTON AS A VASP PROVIDER AND CAPITOLIO INC. AS A PAYMENT SERVICES PROVIDER, IN NO EVENT SHALL THE AGGREGATE LIABILITY OF BETELGEUSE FOR ALL CLAIMS RELATING TO THE APP SERVICES, OR THE AGGREGATE LIABILITY OF PELOTON FOR ALL CLAIMS RELATING TO THE VASP SERVICES, OR THE AGGREGATE LIABILITY OF CAPITOLIO INC. FOR ALL CLAIMS RELATING TO THE PAYMENT SERVICES, EXCEED THE AMOUNT OF ONE HUNDRED U.S. DOLLARS ($USD100.00) OR ITS EQUIVALENT, OR THE AMOUNT OF FEES PAID BY YOU IN THE PRECEDING SIX MONTHS, WHICHEVER IS GREATER.
GOVERNING LAW AND JURISDICTION
These Terms and your use of the App Services provided by Betelgeuse shall be governed by and construed in accordance with the laws of England and Wales. Any dispute arising out of or in connection with the App Services shall be subject to the exclusive jurisdiction of the courts of England and Wales.
These Terms and your use of the VASP Services provided by PELOTON sp. z o.o. shall be governed by and construed in accordance with the laws of the Republic of Poland. Any dispute arising out of or in connection with the VASP Services shall be subject to the exclusive jurisdiction of the courts of the Republic of Poland.
These Terms and your use of the Payment Services provided by Capitolio Inc. shall be governed by and construed in accordance with the laws of the Province of Alberta and the federal laws of Canada applicable therein. Any dispute arising out of or in connection with the Payment Services shall be subject to the exclusive jurisdiction of the courts of the Province of Alberta, Canada.
TIME LIMITATION ON CLAIMS
You agree that any claim you may have arising out of or related to your relationship with us (Betelgeuse, Peloton, or Capitolio Inc., as applicable) must be filed within one year after such claim arises, otherwise, your claim is permanently barred.
NO WAIVER
Our (Betelgeuse’s or Peloton’s, as applicable) failure to exercise or delay in exercising any right, power, or privilege under this Agreement shall not operate as a waiver; nor shall any single or partial exercise of any right, power, or privilege preclude any other or further exercise thereof. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorized representative of us (Betelgeuse or Peloton, as appropriate). Except as expressly set forth in this Agreement, the exercise by either party of any of its remedies under this Agreement will be without prejudice to its other remedies under this Agreement or otherwise.
SEVERABILITY
If it turns out that any part of this Agreement is invalid, void, or for any reason unenforceable, that term will be deemed severable and limited or eliminated to the minimum extent necessary. The limitation or elimination of the term shall not affect or impair the validity or enforceability of any remaining part of that term, clause or provision or any other terms, clauses or provisions of these Terms.
FORCE MAJEURE
We (Betelgeuse, Peloton, or Capitolio Inc., as applicable to the affected Service) shall not be held liable for any delays, failure in performance, or interruptions of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to: acts of God, acts of civil or military authorities, acts of terrorism, civil or industrial disturbances, blockages, embargoes, war, strikes or other labor disputes, fire, earthquakes, storms, interruption in electrical telecommunications or Internet services, failure of hardware equipment and/or software, smart contract bugs or weaknesses, technological changes, or changes in applicable laws and/or sanctions policies.
CONTACT INFORMATION AND LEGAL DETAILS
Platform Operator (App Services): BETELGEUSE CORPORATION LTD
Company Number: 14716123
Legal Address: 13 John Prince’s Street, 2nd Floor, London, England, W1G OJR
VASP Services Provider: PELOTON SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Company Number (KRS): 0001132722
NIP: 8133922725
Legal Address: ul. Jana III Sobieskiego 17, 35-002 Rzeszów, Poland
PELOTON SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ is a registered Virtual Asset Service Provider in Poland (VASP License: RDWW-1567), supervised by the Polish Financial Supervision Authority
Payment Services Provider: CAPITOLIO INC.
Company number (NUANS): 122052732
FINTRAC MSB Registration No.: M24928320
Legal Address: 700-602 12 Ave SW, Calgary, Alberta, T2R 1J3, Canada