Phrases with «escrow system»

An escrow system is a secure service that holds something valuable, like money or assets, on behalf of two parties during a transaction. It ensures that both parties fulfill their obligations or complete the transaction before releasing what is being held in escrow. Full definition

Sentences with «escrow system»

  • Although there isn't a lot of info available, the exchange promises to offer peer - to - peer trading through a centralized escrow system with absolutely no trading fees. (bitcoinist.com)
  • By integrating smart contracts over its decentralized escrow system, UTRUST eliminates the potential for mistrust between sellers and buyers when cryptocurrency. (dailybitcoinnews.com)
  • This system can be achieved by creating assets (that can represent shares in a company for example) or proxy tokens (crypto assets that represent a certain fiat or crypto currency) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed. (captainaltcoin.com)
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