Why Blockchain Escrow?
The rise of blockchain technologies offers an opportunity to address inefficiencies present in traditional escrow services, such as:
High Costs: Traditional escrow services often charge high fees, particularly for international transactions.
Centralization: Reliance on centralized intermediaries introduces points of failure and delays.
Limited Flexibility: Existing escrow systems are rigid and not adaptable to emerging digital economy use cases.
Lack of Transparency: Participants often lack real-time visibility into the status of funds.
Trustless Work solves these issues by providing a trustless, transparent, and decentralized solution that operates at a fraction of the cost of traditional alternatives. Built on Stellar, it offers low fees, fast transaction finality, and enhanced security through smart contracts.
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