Use Escaroo & cryptocurrency as an alternative to traditional Letters of Credit
How Escaroo can be used instead of LC's
Escaroo's patent pending escrow technology is a revolution in how international & domestic trade can now be done using cryptocurrency.
Escaroo allows you to become your own bank, issuing secure LC's on your own terms
Blockchain based transactions guarantee safe, reliable and fast transfer of funds
Companies can now transact globally with cryptocurrency knowing funds are secure
Using cryptocurrency to facilitate international & domestic trade is now possible with Escaroo's patent-pending escrow service. Whether you are a Buyer/Applicant/Importer or Seller/Beneficiary/Exporter, using a cryptocurrency backed LC's opens up a whole new world of trade possibilities. Escaroo gives you the ability to be your own bank. Guaranteeing terms are agreed by both parties in the same way as a traditional method Letter of Credit, with funds only being released when all terms are met.
All funds are held within a uniquely created smart contract that is irrefutable once posted to the blockchain. This guarantees a secure transaction. Disinterested third party mediators can help ensure the transaction terms are fair for all parties, whilst guaranteeing funds are distributed as expected, providing protection for both buyers and sellers.