The growth and widespread adoption of cryptocurrency has transformed the financial system in profound ways. It has also generated unprecedented volatility as more people enter the market with a greater sense of urgency.
In the volatile world of cryptocurrency, ensuring safe and secure transactions is of critical importance. This is true both when trading cryptocurrencies and when using them to buy goods and services. With tens of billions of dollars in crypto transactions processed each day, market participants must take extra precaution to ensure their trades are executed as intended.
Bringing Buyers and Sellers Together
Escrow transactions are one of the most reliable ways to overcome volatility in the cryptocurrency market and to ensure that your trades are executed in a secure, timely manner. IBC provides encrypted escrow services where the buyer and seller agree on a transaction and organize its delivery date. This not only works for buyers and sellers of cryptocurrency, but also for clients and merchants transacting goods and services.
By completing an escrow transaction with IBC, the buyer has a pre-specified amount of time to fund the transaction. Once the funds are received by IBC, we release the product or service purchased by the buyer. Only when the buyer receives and is satisfied with the product are the funds released to the seller.
International KYC/AML Standards
As a licensed escrow provider, IBC strictly adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines set forth internationally. IBC Escrow Services enforces strict KYC/AML protocols to ensure our platform is not used by criminal elements for money laundering activities. This provides peace of mind for both buyers and sellers to access our services knowing they are protected.
Parties that use our services frequently receive a higher ranking that tells the other side of the transaction they are a recognized buyer or seller.
Powered by Smart Contracts
IBC operates a trustless decentralized escrow service powered by smart contracts. These contracts essentially act as a third party to enable transfers between buyer and seller. Smart contracts allow buyers and sellers to conduct an unlimited number of over-the-counter trades. Under this set up, the only time IBC can step in is when we are granted permission to solve a dispute between the two parties.
IBC Escrow Services
Bring buyer and seller together
Provide a trusted dispute resolution mechanism
Enforce international AML/KYC standards
Powered by smart contracts
Minimal fees, market rate transactions
E-signatures for added convenience
IBC Escrow Services Advantages
Secure: All escrow transactions are encrypted using AES standards.
Affordable: A small escrow fee of 1% is applies to all transactions.
Timely: Escrow transactions can be completed within minutes or day, with statuses updated instantly.
Effortless: Transactions are completed in three simple steps.
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Shanghai – East Asia Office