248 sats \ 4 replies \ @Tristan OP 9 Jan 2023 \ on: BitEscrow: Fast, Secure, and Affordable Bitcoin Escrow - Launching soon! bitcoin
Hey everyone,
We have been working really hard, for the past year, on creating BitEscrow - formally known as LightningEscrow.
Our service is non-custodial, meaning that we do not hold onto your funds - but rather facilitate transactions using hash lock contracts. This also means that we do not require KYC.
In addition, BitEscrow is incredibly fast, with transactions being 130-190 times faster than fiat escrow, with future plans to support the Lightning Network. There will also be a full customer service suite to handle disputes.
We are scheduled to launch by the end of the year, with a fully functional website and API for wallets, marketplaces, and banks. This will be an important product for Bitcoin because it will introduce the concept of disputable Bitcoin transactions for buyers and sellers - similar to a credit card. We have also built parts of it on Nostr - to help us be the mediators of the contracts, and not the host.
Let us know if you have any questions, we will answer as many as we can.
So now finally I can buy that coffee from El Salvador producers, with secured delivery 😂
We need a marketplace with producers from El Salvador, where people from around the world could buy with sats all kind of products and support those salvadoran producers.
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That would be great!
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What do you mean "by the end of the year?" We are already in January. Do you mean to say you aren't going live with beta until Q4 2023?
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whoops, I meant by the end of the month! good catch
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