Smartlink enables users to create enforceable escrow smart contracts to securely buy and sell products and services using cryptocurrencies
Canada, April 22, 2021 /AlexaBlockchain/ – Smartlink has launched its ‘Decentralized Escrow Platform’ for crypto payments, redefining how crypto users transact online.
What is Smartlink?
Smartlink is a decentralized escrow solution that enables users to seamlessly create enforceable escrow smart contracts to securely buy and sell products and services using cryptocurrencies. Customizable purchase agreements are included in the Smartlink template library, allowing parties to easily define the terms of the sale.
How the Smartlink escrow module works?
- Smartlink platform provides enforceable sales agreements that offer a simple interface to buyers and sellers to fix the terms of the transactions.
- Smartlink holds the funds in an escrow smart contract until the terms of the agreement are met.
- The buyer receives an inspection period to review the product and service before approving the payments.
- Once approved, the escrow smart contract automatically transfers funds to the seller.
The Smartlink Escrow Marketplace for Web 3.0
In addition to providing a cost-efficient escrow tool, Smartlink offers crypto users a platform for purchasing products and services with their cryptos.
Smartlink is an ideal solution for multiple industries, including digital assets transfer, high-value items, OTC swap, domain name transfers, NFTs, freelancer gigs, and crowdfunding.
Ben Constanty, CEO and co-founder of Smartlink, said:
“Tokens are reshaping our economic paradigm. We reward users as they use the platform, they can vote on strategic decisions, fees are drastically lower, there’s no chargeback, everything is more secure, fast, and simple.”
Why Tezos?
Smartlink stated that security, speed, and cost-efficiency of the Tezos network prompted them to build their Decentralized Escrow Platform on Tezos.
Smartlink stated: “Tezos is among the most secure blockchain networks in existence.”
Smartlink platform is live on the Tezos testnet, providing users a glimpse of how it’ll operate on a structural level.