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

How are the funds in the escrow account protected from inflation or currency fluctuations?

Castler Digital Identifier system provides protection against inflation and currency fluctuations by allowing users to choose the currency in which they want to hold their funds. This means that if a user chooses to hold their funds in a stable currency such as USD or EUR, they are protected from inflation and currency fluctuations that may affect other currencies. Additionally, Castler uses advanced security measures to protect the funds held in escrow accounts, including multi-factor authentication, encryption, and regular security audits. This ensures that the funds are safe from any unauthorized access or theft. Castler also offers insurance coverage for escrow transactions, which provides an additional layer of protection for users. Overall, Castler’s Digital Identifier system provides a secure and reliable way for users to hold and transfer funds, while protecting them from inflation and currency fluctuations.