The company is claiming to be the first and only licensed Internet escrow service to be accepting the digital currency, and they say support for other cryptocurrencies will soon be included.
“Payment flexibility, processing efficiency, and transactional security are key to a successful escrow transaction, all of which are core to the Bitcoin protocol. Agreed prides itself on finding new and innovative ways to handle online transactions, so we’re excited to empower the growing tide of early cryptocurrency adopters the flexibility to fund their transactions in whatever currency they see fit,” said Agreed co-founder and CEO Ammar Kubba.
The Los Angeles-based company serves as a hub for those who buy and sell domain names online (among a number of other services), and could very well help facilitate the security of over-the-web bitcoin transactions.
“With the recent public failings of the likes of Mt. Gox and others, Agreed’s escrow service offers a key element in rebuilding consumer trust in the burgeoning Bitcoin ecosystem,” Steve Beauregard, chief at GoCoin stated.
Agreed was launched on January 7th, 2014 after what the company says has been “countless hours, days, and months” of preparation.