Cryptocurrency Escrow Software Development Company Malaysia
Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction. The funds or assets are held by the cryptocurrency escrow Software agent until it receives the appropriate instructions or until predetermined contractual obligations have been fulfilled. Money, securities, funds and other assets can all be held in escrow. BREAKING DOWN 'Escrow' Escrow comes into play when two parties are in the process of completing a transaction and there is uncertainty over whether one party or another will be able to fulfill their obligations. For example, a cryptocurrency exchange company selling goods internationally wants to be certain that it will get paid when the goods reach their destination. Conversely, the buyer wants to pay for the goods only if they arrive in good condition. The buyer can place the funds in escrow with an agent and give instructions to d