Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

Can cross-border escrow services be used for transactions involving crowdfunding or crowdsourcing?

Yes, cross-border escrow services can be used for transactions involving crowdfunding or crowdsourcing. Castler Digital Identifier system is one such platform that provides secure and reliable escrow services for cross-border transactions. Crowdfunding and crowdsourcing involve raising funds from a large number of people, often from different countries. In such cases, it is important to have a trusted third-party intermediary to hold the funds until the project is completed or the product is delivered. This is where an escrow service comes in. The escrow service acts as a neutral party that holds the funds until the conditions of the transaction are met. This ensures that both the buyer and the seller are protected from fraud and other risks. Castler Digital Identifier system provides a user-friendly platform that allows buyers and sellers to easily set up and manage escrow transactions. The platform also offers multi-currency support, making it ideal for cross-border transactions.