One of the biggest challenges trailing the Internet remains a lack of trust. “The heart of man is desperately wicked” is a popular quote which captures human nature tremendously. Transacting businesses with humans, especially over the Internet, breeds a lot of negatives, and lack of trust is the defining attribute. We haven’t exactly dealt seamlessly with people close to us, how much more those on the other side of the world?
Regardless of what the Internet has achieved, there’s a general mistrust when people attempt to do business through this medium. With scammers and fraudsters on the increase, you can’t possibly blame anyone who’s extra cautious. Online transactions don’t have to be dangerous. Escrow services are springing up by the day to bring the concerned parties together in a safe space which is free from any form of intrusion or interference.
THE PAYFAIR APPROACH
An escrow platform isn’t exactly easy to set up. To buttress this, there’s not many of these in existence. It goes way beyond the integrity of the individuals at the center of the platform. Hackers are on a rampage, and platforms of this kind are considered soft targets. With a few of these escrow services on board, what makes Payfair any better?
Cost is one of the strengths of the Payfair platform. Many of the escrow platforms currently available are expensive to both contractors and clients. Sometimes, a whopping 20-30% of the entire financial pile goes to the middleman. If this isn’t atrocious, I am not sure what is. The Payfair platform prides itself in being more customer-friendly especially with its wide array of incentives to individuals. Users stand to gain a lot as you are not only getting your money’s worth in services but the incentives are out of this world.
The use of trust nodes in Payfair’s escrow might come as a surprise to many, but it has economical undertones. Around-the-clock activity isn’t expected of the users, and there’s no compulsion to have expensive hardware installed. It’s goodbye from the rudiments of yesteryears online security, and welcomes to the future of innovation.
With the Payfair escrow service, buyers and sellers can leave their trust issues in the closet and enjoy the convenience of a third party’s intermediary prowess. If the center of a transaction involves cryptocurrency exchanging, there’s no need for any previous interaction; just deposit the agreed amount, make the necessary decisions, and the platform takes it from there. If it’s a good or service involved, you might have to communicate through any of the popular social media platforms. With an agreement reached, the escrow service is called into action.
CONCLUSION
Payfair ensures hackers and profiteers are left in the dark. It’s no longer business as usual since both parties involved in a trade can get along within a platform bereft of the attributes of human nature which is largely responsible for the inequality gap in wealth distribution. The escrow ratings guarantee the best contractors enjoy the bliss of more transactions within the shortest of periods – talk about the healthiest of rivalries you can think of!
For more information about this project, please kindly cluck on the link below
Website: https://payfair.io/
White paper: http://payfair.io/whitepapers/full_PF.pdf
Telegram: https://t.me/payfair
Twitter: https://twitter.com/payfairio
Reddit: https://www.reddit.com/r/Payfair/
YouTube: https://www.youtube.com/channel/UCsSvjkRNPVVO9hWustHoAbg/feed
LinkedIn: https://www.linkedin.com/company/payfairio/
WRITERS DETAILS
Bitcointalk username: Chika08
Butcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2107609
