Decentralized escrow platform
Smart contract blockchain
PayFair wants to become an escrow platform to act as a guarantor in cryptocurrency transactions. There are not yet, official big platforms of that kind that use their own tokens to for the security of transaction, however there are many checked and secure individual escrows that successfully do their jobs. Such platform can of course improve the process, providing they succeed in delivering a proper and quality service. They don't seem to have wide recognition, and there is no big marketing campaign. They might not even be able to finish the ICO phase. However, when it comes to basic features like site and platform design, technical idea or whitepapers, they seem to do well.
User ReviewWrite review 3 reviews
Payfair website design is eye-catching with lovely theme colors. Payfair project is developing for enchance the smooth of transaction between Ethereum user as payfair works as the escrow for ethereum user. Well, for me this project is developing used for protecting the benefits of seller and buyer as well as their transaction privacy. Well, it is a fresh idea for push the digital economy. But, I doubt that the escrow company will be governed in some day. If government get controlled the platform, I think this is not a good news for users of crypto-currency world. For me, I will keep watching for developing of this project.
With more and more internet p2p transaction I can see such platform to be really needed. We can't be sure if the other person won't scam us, so an escrow service that focus on cryptocurrencies can be very helpful. The site's design looks very good, they aim to support many popular crypto coins and tokens and they provide a lot of information even though they are on the very early pre-ico stage at this moment.
I really like the site's design. It easy simple and doesn't distract the user from the important information. They aim to create some sort an ecosystem that will allow to escrow for payments securely with the PayFair tokens which create trust nodes to ensure the trade between two people. Also as it's aims to be big platform and benefit from blockchain technologies it won't have as high escrow fees as now some of the individual escrows have.
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