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 multiple parties?

Yes, cross-border escrow services can be used for transactions involving multiple parties. Castler Digital Identifier system is a platform that provides secure and reliable escrow services for online transactions. It allows buyers and sellers to transact with each other without the need for a middleman. The system holds the funds until the transaction is completed, ensuring that both parties are protected from fraud and other risks.

In the case of transactions involving multiple parties, Castler Digital Identifier system can be used to hold the funds until all parties have fulfilled their obligations. For example, if a buyer is purchasing a product from a seller who is located in a different country, the escrow system can hold the funds until the product is delivered and the buyer confirms that it is as described. If there are multiple parties involved in the transaction, such as a supplier, a manufacturer, and a distributor, the escrow system can hold the funds until all parties have fulfilled their obligations.

Overall, Castler Digital Identifier system provides a secure and reliable way to transact online, even when multiple parties are involved.