ClearCoin Online Escrow

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Revision as of 00:39, 3 January 2011 by Sgornick (Talk | contribs)
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ClearCoin is an online service that might be of interest to mediators.

ClearCoin allows a buyer to send money (in the form of the digital currency Bitcoin to an independent escrow. Upon conditions acceptable to the buyer, the escrowed amount is then released to the seller. Though ClearCoin does not arbitrate or mediate, the escrow will lock up the funds for up to a year if the buyer does not release them to the seller.

The escrow is free for up to 100 bitcoins, and amounts over 100 BTC incur a 1% escrow fee.

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