An Escrow Business Idea For Fintech Apps

moonchild

VIP Contributor
Fintech which is an acronym of Financial Technology is one of the industries that have experienced tremendous growth in the past decade and it's still growing at an impressive rate, but it's not without it's own peculiar challenges, especially on P2P apps where there's a case of customers running away of vendor's funds and vice versa.

I think it'll be a good idea to create a platform that serves as a middlemen for transactions on these types of apps, so when a client initiates a transaction they can come to the escrow site and deposit the money.

When the transaction is completed and confirmed, the funds will be released and then a commission will be paid on the platform, what do you think about this?
 
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