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The Use Of Escrow Service
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[QUOTE="springtech, post: 90015, member: 29282"] The use of escrow service is as old as man. Lol. Escrow is a term that refers to the use of a neutral entity to secure a fund involved in a trading transaction between at least 2 different people in a business relationship. The escrow can be a person or an automated system. To the crypto traders in countries where cryptocurrency activities are being regulated or totally banned, the use of escrow service is a good way of evading regulatory torch light. Escrow is mostly used to ensure that both parties involved in the transaction are at peace with each other, the arrangement is such that the money involved is not released until the party receiving the goods/service or in this case the cryptocurrency does so and confirms the receipt. Then the escrow goes ahead to release the cash involved. This system builds trust and eliminates fraud. [/QUOTE]
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