Privacy Policy

Last updated

Privacy Policy

This Privacy Policy explains how Nearby (“Nearby,” “we,” “our,” or “us”) collects, uses, stores, and protects information when you access or use our website, applications, protocol interfaces, documentation, developer tools, and related services (collectively, the “Services”).

Nearby is a privacy-preserving coordination protocol designed to enable location verification, local communication, and offline value exchange across connected and disconnected environments.

By using the Services, you acknowledge that you have read and understood this Privacy Policy.

1. Who We Are

Nearby is operated by Nearby Finance.

For privacy-related questions, you may contact us at:

Email: privacy@nearby.finance

2. Information We Collect

We aim to minimize the amount of personal information we collect. The information we collect depends on how you interact with the Services.

2.1 Information You Provide to Us

We may collect information that you voluntarily provide, including:

  • Name or username

  • Email address

  • Company or project name

  • Support messages or inquiries

  • Feedback, forms, or community submissions

  • Developer access requests

  • Any other information you choose to submit

2.2 Wallet and Blockchain Information

When you interact with blockchain-based features, we may process publicly available blockchain information, including:

  • Wallet addresses

  • Transaction hashes

  • Network identifiers

  • Smart contract interactions

  • Token-related activity

  • On-chain proof verification events

Blockchain networks are public by design. Information submitted to a blockchain may be visible to anyone and may not be removable by Nearby.

2.3 Proof of Location Data

Nearby’s Proof of Location layer is designed to verify location-related claims without requiring users to reveal exact coordinates.

Depending on the implementation, the Services may process:

  • Cryptographic proof outputs

  • Public proof inputs required for verification

  • Device attestation metadata

  • Timestamp or region-based verification metadata

  • Proof status and validation results

Nearby does not aim to collect or store precise location history. Where possible, location-related verification is performed using privacy-preserving techniques such as zero-knowledge proofs, selective disclosure, and on-device processing.

However, some applications built on or integrated with Nearby may request or process additional location-related information. Those applications are responsible for their own privacy practices.

2.4 Mesh Networking Data

Nearby Mesh enables local peer-to-peer communication between nearby devices.

Depending on the feature used, we or the relevant application may process:

  • Mesh network identifiers

  • Message routing metadata

  • Device or session identifiers

  • Local network participation events

  • Encrypted message packets

  • Relay or delivery status information

Nearby Mesh is designed to reduce dependence on centralized infrastructure, but mesh networking may still expose certain technical metadata, such as routing patterns, device proximity signals, or participation timing.

2.5 OfflinePay and Payment-Related Data

OfflinePay enables offline-first stablecoin payment flows with later reconciliation.

Depending on your interaction, we may process:

  • Offline payment notes

  • Cryptographic signatures

  • Transaction histories submitted during reconciliation

  • Witness attestations

  • Settlement status

  • Conflict or double-spend detection metadata

  • Public blockchain settlement records

Offline transactions may be locally valid before they are globally finalized. Final settlement may require submission to a blockchain network.

2.6 Technical and Usage Data

When you access our website or Services, we may automatically collect technical information, including:

  • IP address

  • Browser type and version

  • Device type

  • Operating system

  • Referral source

  • Pages visited

  • Session duration

  • Error logs

  • Performance metrics

  • Approximate region derived from technical signals

This information helps us operate, secure, and improve the Services.

2.7 Cookies and Similar Technologies

We may use cookies and similar technologies to:

  • Maintain website functionality

  • Remember preferences

  • Analyze website performance

  • Improve user experience

  • Protect against abuse or security threats

We do not use cookies to sell personal information. You may control cookies through your browser settings.

3. How We Use Information

We use information for the following purposes:

  • To provide, operate, and improve the Services

  • To enable location verification, mesh communication, and offline transaction flows

  • To support protocol functionality and developer integrations

  • To process support requests and respond to inquiries

  • To monitor performance, reliability, and security

  • To detect fraud, abuse, spam, or unauthorized activity

  • To verify blockchain or cryptographic interactions

  • To comply with legal obligations

  • To enforce our Terms of Use

  • To communicate important updates about the Services

We do not sell your personal information.

We do not use private user data to train external artificial intelligence models without your consent.

4. Legal Bases for Processing

Where applicable privacy laws require a legal basis for processing, we rely on one or more of the following:

  • Performance of a contract: to provide the Services you request

  • Legitimate interests: to secure, maintain, and improve the Services

  • Consent: where you choose to provide information or accept optional cookies

  • Legal obligations: where processing is required by law

  • Protection of rights and safety: to prevent fraud, abuse, or security incidents

5. How We Share Information

We may share information in limited circumstances:

5.1 Service Providers

We may share information with trusted service providers that help us operate the Services, such as hosting providers, analytics tools, security services, email providers, and infrastructure partners.

These providers may only process information for the services they provide to us.

5.2 Blockchain Networks

If you interact with blockchain features, certain information may be submitted to public blockchain networks. Public blockchain data may be permanent, transparent, and accessible by third parties.

5.3 Developer Integrations and Third-Party Applications

Nearby may be integrated into third-party applications. If you use an external application built on Nearby, that application may collect and process information under its own terms and privacy policy.

Nearby is not responsible for third-party privacy practices.

5.4 Legal Compliance

We may disclose information if required to comply with applicable law, regulation, legal process, court order, or government request.

5.5 Security and Protection

We may share information where necessary to investigate, prevent, or respond to fraud, abuse, security incidents, or threats to users, the protocol, or the Services.

5.6 Business Transfers

If we are involved in a merger, acquisition, restructuring, financing, or sale of assets, information may be transferred as part of that transaction.

6. Data Security

We use reasonable technical and organizational measures to protect information, including:

  • Encryption where appropriate

  • Access controls

  • Secure infrastructure practices

  • Monitoring and logging

  • Security reviews

  • Limited access to operational systems

However, no system is completely secure. We cannot guarantee that unauthorized access, data loss, or misuse will never occur.

Users are responsible for protecting their own wallets, private keys, seed phrases, devices, and credentials.

7. Data Retention

We retain information only for as long as reasonably necessary for the purposes described in this Privacy Policy, including to provide the Services, comply with legal obligations, resolve disputes, and enforce agreements.

Some blockchain data may remain publicly available indefinitely because Nearby does not control public blockchain networks.

Local mesh communications or offline payment data may be stored on user devices or third-party systems outside Nearby’s direct control.

8. Your Rights

Depending on your location and applicable law, you may have rights regarding your personal information, including the right to:

  • Access the personal information we hold about you

  • Request correction of inaccurate information

  • Request deletion of personal information

  • Request restriction of processing

  • Object to certain processing

  • Request portability of your data

  • Withdraw consent where processing is based on consent

  • Lodge a complaint with a data protection authority

To exercise your rights, contact us at:

privacy@nearby.finance

We may need to verify your identity before responding to your request.

Please note that we may not be able to delete or modify information recorded on public blockchain networks.

9. International Data Transfers

We may process and store information in countries other than your country of residence. These countries may have different data protection laws.

Where required, we use appropriate safeguards for international transfers, such as contractual protections or other lawful transfer mechanisms.

10. Children’s Privacy

The Services are not intended for individuals under the age of 18. We do not knowingly collect personal information from children.

If we become aware that a child has provided us with personal information, we will take reasonable steps to delete it.

11. Third-Party Links and Services

The Services may contain links to third-party websites, wallets, block explorers, applications, exchanges, or other services.

We are not responsible for the privacy practices, security, or content of third-party services. You should review their privacy policies before using them.

12. Changes to This Privacy Policy

We may update this Privacy Policy from time to time.

If we make material changes, we may notify users through the website, platform, or other reasonable means. The updated version will be effective when posted, unless otherwise stated.

13. Contact Us

If you have questions about this Privacy Policy or our privacy practices, contact us at:

Nearby Finance
Email: privacy@nearby.finance