2 Nov 2018
Awareness of Blockchain technology and cryptocurrency is spreading at a tremendous speed. Everyday more and more people are getting interested in obtaining a cryptocurrency, however, at the moment this is a very difficult and time consuming process. In order to buy or sell a cryptocurrency you need to register on one of the few centralized exchanges that accept bank transfers. Unfortunately, this entire scheme is highly unstable, since these exchanges often change their bank accounts due to different state regulations. Consequently, it can take days or even weeks to complete the transaction. Moreover, a large number of banks have banned their customers to use their service to buy cryptocurrencies; if this is not the case, your bank will see all your transactions with the cryptocurrency exchanges, which can affect your credit history. Adding to the hassle, cryptocurrency exchanges require the identity verification, which also takes time up to 3 months. In this case, we can forget about the concept of anonymity. We aim at making operations with the cryptocurrency convenient, simple, anonymous, fast and safe. That aim led to the development of CryptoCasher.
Who provides escrow services and can you trust them?
Any legal business can become an escrow service provider and earn money by taking fee for each transaction. Shops, cafes, restaurants or other business which has been registered as an escrow service provider in our system and undergone a thorough check by our verification department can become one. Moreover, your transaction is always insured by CRR tokens, which are locked on escrow account and released upon the deal being closed. So in any case of escrow failure to fulfill their obligations by paying out cash to the seller, he will be paid in CRR tokens from escrow account.
What purpose CRR token have?
CRR tokens are intended as a guarantee fund for escrow service providers to operate. Escrow provider can make transactions only for the amount that it has on his balance in equivalent to CRR tokens. Once the deal is closed and contract executed (seller has received cash), the funds will be released again. Thanks to such a cyclical system, it is possible to make a turnover in several, or even tens, times the reserve fund. However, you as a buyer can also benefit from holding CRR tokens. All escrow fees paid in CRR tokens have 50% discount, so it will save you a lot of money.
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