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Xnvia’s Escrow System is designed to add an additional layer of security to transactions between participants.
When escrow is used, the digital assets involved in the transaction are temporarily held until the required transaction steps have been completed.
For example, in a P2P transaction:
The buyer confirms that payment has been sent.
The seller confirms that payment has been received.
The digital assets are released once the transaction requirements have been completed.
If a transaction is disputed, Xnvia may review the information and evidence provided by both parties before determining whether the digital assets can be released in accordance with the applicable transaction rules.
Escrowed digital assets cannot be used or transferred by either participant while the transaction is in progress.