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How to use a smart contract escrow service
- groovelee 4y agoWell… The Altverse escrow Beta is officially LIVE! Freelancers rejoice! Our smart contract based Escrow service is going to revolutionize the way freelancers and clients interact. No more trust based systems where you have to trust the client will pay on time (or at all). Now parties can contract freely and securely with complete peace of mind knowing that the funds are held in escrow and will be released automatically when tasks are complete. We look forward to giving you feedback when we conclude the Beta Test. If you have any questions or ideas regarding the Escrow or just Altverse in general, please feel free to contact the admins/mods any time. Cheers
- groovelee 4y agoUp to now, the way freelancers and clients have interacted is through using third party services like: paypal, fiverr and upwork. Paypal is great for P2P payment but there is no guarantee that the client will pay you after work is done, or that the freelancer will do the work after receiving payment. Paypal also charges some hefty fees. In the case of Fiverr and Upwork, freelancers have more peace of mind knowing that the money is safe. The only problem is a huge centralized company is going to take huge fees and provide you with almost no adequate dispute resolution. The Altversesmart contract based Escrow service is going to revolutionize the way freelancers and clients interact. No more trust based systems where you have to trust the client will pay on time (or at all). Now parties can contract freely and securely with complete peace of mind knowing that the funds are held in escrow and will be released automatically when tasks are complete.