Legal Disclosures

Service Providers within Orbital

Orbital is the trading name representing the Pay Perform group of traditional financial and digital asset service providers.

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Pay Perform Limited provides payment services and is a Financial Conduct Authority authorised payment institution (FCA registration number 843960), with company number: 10789721, and registered address: 1-2 Silex Street, London SE1 0DW, UK.

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Pay Perform (Gibraltar) Limited is an e-money issuer permissioned by the Gibraltar Financial Services Commission, with company number: 121240, and registered address: RSM Fiduciary (Gibraltar) Limited 21 Engineer Lane, Gibraltar, GX11 1AA.

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Pay Perform Digital Limited is a distributed ledger technology provider authorised by the Gibraltar Financial Services Commission, with company number: 121125, and registered address: RSM Fiduciary (Gibraltar) Limited 21 Engineer Lane, Gibraltar, GX11 1AA.

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Pay Perform OÜ is a virtual currency service provider authorised by Republic of Estonia Financial Intelligence Unit (operating licence number FVT000290), with company number: 14760418, and registered address: Estonia, Harju maakond, Tallinn, Kristiine linnaosa, Kotkapoja tn 2a-10, 10615.

UK Specific Disclosure

Crypto-asset products and services mentioned in this website are not authorised or regulated by the UK FCA. These investments may lack the protections of FCA-regulated products. The information pertaining to crypto-asset products provided here is intended exclusively for eligible corporate clients outside the UK and high net worth companies who are exempt from the UK Financial Conduct Authority’s Financial Promotions Regime.

Cryptocurrencies Risk Disclosure

Don’t invest unless you’re prepared to lose all the money you invest. Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Due to the potential for losses, most regulators consider this investment to be high risk.

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What are the key risks?‍

1. You could lose all the money you invest. The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets. The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong. The usual government backed financial services compensation schemes don’t protect cryptocurrency investments. You are not covered by the protection from the Financial Ombudsman Service (FOS) in the UK.
3. You may not be able to sell your investment when you want to. There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don’t put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

Stablecoin Risk Disclosure‍

'Stablecoin' is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars).  Stablecoins may use a range of different ways to maintain stability, each with their own risks.

• Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.
• Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g.  in times of market volatility or due to operational issues.
• Collateral risk: There’s a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).
• FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the exchange rate between US Dollars and your local currency, e.g. USD:EUR for users in the EU.
• Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there’s a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.