Review on Natmin Pure Escrow by LUIS RIVERO R
Payment platform
Ecosystem that provides secure transactions using the etherium blockchain, the transactions are comparable to those needed in any other smart contract.
The platform works by managing guarantee deposits, creating terms and conditions between the parties, then the buyer finances the custody platform, the items that the user buys and notifies are sent, the receipt of the items is confirmed and according to the parties the funds are released.
The problem with this type of custodians is that if the shipment is made from one country to another, the deposited funds could be devalued or increase in value, this is well known in the cryptocurrency markets for its high volatility.
Pros
- Token designed to be a payment currency.
- Little risk of fraud because the information is documented on the blockchain.
- The digital shopping market is on the rise.
- Diversification of the means of payment for services, avoiding world banking.
- Decentralization of purchases of goods and services anywhere in the world.
Cons
- Low volume in exchanges where it is listed.
- Platform with low use.
- There are other projects with similar characteristics.
