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0 sats \ 2 replies \ @thrown 23 Feb 2022 \ parent \ on: LightningEscrow Demo Video - Beta V1 bitcoin
Don’t you have to kinda be officially partnered with businesses though? Because you seemingly need some information about the kind of transactions so you know how to fairly arbitrate them.
Like if you’re an escrow for particular products, you need to understand what is and is not expected. Or what the customer did or did not agree to.
Don’t you have to kinda be officially partnered with businesses though?
No, it's an open api so other companies can integrate it without telling us.
you seemingly need some information about the kind of transactions so you know how to fairly arbitrate them. Like if you’re an escrow for particular products, you need to understand what is and is not expected. Or what the customer did or did not agree to.
Companies or individuals who integrate our api get nice easy api endpoints to settle or cancel payments themselves. They can create accounts on behalf of their users, display the qr codes, and do all the interactive bits for them, hitting the right endpoint when it's time to decide who gets the money. And yeah we just take a 1% cut every time (once we're out of beta) without needing to know what exactly is happening or what the contract is for.
I still need to document the api though and probably do a hello world tutorial and an explanation of some of the things developers can build on top of this.
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Ah! So any company that uses your contract also becomes the arbitrators.
I would imagine that you will want to also offer an arbitrage-as-service. To me, that is the 10x opportunity. especially since consumers want a third party that won’t be biased
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