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What is an Escrow

Escrow services are theΒ key to more secure payments. This financial arrangement allows a representative third party to bring neutrality to transactions by holding payment of the cryptocurrency required for two parties involved in a given transaction

Here Blockvila serves as the third party between the buyer and the seller by putting the coins being transacted in an escrow to secure the transaction until the traders reach an agreement, the coin will then be released from the escrow account to the buyer.