Escrow Markets on the Rise is Crypto

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International Trade is a $21 trillion dollar market. eCommerce hit roughly $5.7 trillion in 2022. Here’s how @FinanceChainge and @VetmeToken can disrupt these trillion dollar industries and what it means for their upside. 🧵👇

We will discuss the following: 🔹 What is an escrow service? 🔹 Why do we need them? 🔹 What does this have to do with crypto? 🔹 How does it help $CHNG and $VETME? Simply, escrow services allow anonymous parties to transact with each other directly. Let's dig deeper...

What is it? An escrow is a third party that holds funds until the terms of an agreement are met. While transacting with someone you don't know, a buyer has no assurance that the seller will provide quality service. Also, the seller doesn't know if the buyer will pay.

For example, Satoshi wants to buy goods from a seller overseas. The seller wants assurance that they’ll receive payment. Satoshi will only pay up if the goods arrive in satisfactory condition. So a third party holds the money and releases it when the transaction is complete.

Today, companies like Amazon, PayPal, and eBay act as that 3rd party for online transactions. But we all know the dangers of centralized middlemen. They have higher fees, gatekeep, require KYC, pursue their own agenda, etc. This is where decentralized escrow services come in.

Bringing this on-chain changes the game! Smart contracts will be the escrow, eliminating the risks of using centralized companies in the process. We need escrow services in and outside crypto (i.e. online services, freelancers, etc). Hence, the TRILLION dollar demand we see.

None of us know each other, so we NEED a way to transact. Whether you need to: - Buy assets directly from a seller - Hire a freelancer (i.e. NFT artist) - Buying goods from an overseas seller You need an escrow service to do it all. $CHNG and $VETME fill this void.

Centralization, high fees, KYC, and needless paperwork make International Trade and eCommerce markets hard to transact IRL. Scammers make transactions hard in crypto. As the disruption begins and capital flows into these decentralized options, these tokens will move.

$VETME is focused on making crypto safe by providing supporting services around the escrow service itself. Their vetting & KYC services helps you identify credible parties. This easy-to-use platform gives you everything you need to stay #SAFU. Intro below👇👇 twitter.com/chilldefi_/status/1612856915159318530?s=46&t=vz-hTqqRqPvvyviCV62F7Q

$CHNG is reaching for mass adoption. Giving the masses an easy to use cross chain DeFi app where they can access a suite of DeFi products with a smooth UI. And you always have 100% control over your private keys. Your keys, your crypto. Intro below 👇👇 twitter.com/chilldefi_/status/1608870572813058054?s=46&t=vz-hTqqRqPvvyviCV62F7Q

These projects solve a TRILLION DOLLAR demand problem. They are faster, cheaper, and hassle-free compared to what's available. Just like blockchain will disrupt merchant payments due to lower fees and faster settlement, blockchain tech will disrupt this market as well.

With such LOW MCs both look like an extremely attractive risk-reward opportunity, especially as they go after such a massive market. High demand market and low competition. It's a perfect mix. 👀 As more people catch on these may turn into life-changing opportunities!

You can read the unrolled version of this thread here: typefully.com/ChillDeFi_/Mocdi2p