Global Money Union is set to launch a “traditional” escrow system for Initial Coin Offering (ICO) investments in 2018.

The escrow system combines traditional bank wire payments with modern cryptocurrency payments and is being developed under the trade name ICO Escrows.

One interesting ICO Escrows feature is that people don’t need cryptocurrency wallets to invest in ICOs. All transfers go through traditional bank accounts in fiat currencies.

Past findings show that cryptocurrency wallets and exchanges often have weak points, and are targets of hacker attacks.

For those looking to invest or raise funds via ICO, the ICO Escrows system makes it possible to realize a wide variety of escrow services using a fiat currency.

ICO Escrows is an excellent system to facilitate transactions where as a financial instrument is held by an independent third party on behalf of two other parties that are in the process of completing any type of cryptocurrency transaction.

The use of escrow services for ICO projects provides a mutual guarantee to both parties, as well as minimizes the ICO conditions or intentional frauds violation risks.

Unregulated cryptocurrency environments and the lack of a mechanism for the legal protection of investors’ rights is a problem in global blockchain technology growth. A specialized service like ICO Escrows is a move in the right direction of minimizing risks for all types of ICO transactions.

Media Contact
Company Name: ICO Escrows
Contact Person: Media Relations
Email: info@icoescrows.com
Country: United States
Website: https://icoescrows.com