SAN FRANCISCO, Calif., Feb. 23, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — APT Systems, Inc. (OTC Pink: APTY), a software development and financial technology company, has revealed that its digital escrow platform Verifundr will solve the problems faced by traditional paper-based escrow systems. Verifundr is designed to serve as a fintech bridge between the old cash economy and blockchain-based smart contracts, in a fraction of the time and expense required by traditional escrow systems.
“Some traditional escrow processes can take up to 60 days, depending on the type of agreement, which increases costs, exposure to delays and the risk of losing funds,” says Glenda Dowie, founder and CEO of ‘APT Systems, Inc.’ Verifundr will manage milestones, closing times, and costs, while enabling payments to be made seamlessly with US dollars or Spera, our true stablecoin, backed by US dollars and gold reserves.
The need for digital escrow was noted in recent statements by Philip Panaino, global head of cash management at Standard Chartered, who said the surge in e-commerce sales shows few signs of slowing and is expected to reach 4, $2 trillion this year, noting that traditional commercial sales relationships can be limited by risk and complexity.
“The good news is that now there is a solution that will help businesses keep up with this trend and the new opportunities it brings,” says Panaino. “Digital escrow provides users with a viable alternative method of settlement when transacting in the marketplace. …As such, digital escrow is a valuable solution and treasurers looking to help their organizations grow would do well to explore further.
Forbesin an article titled “Nine real estate technology trends that are here to stay,” writes: “Electronic signatures and secure online deposits, along with the automation of manual processes, will make the archaic real estate transaction as seamless as the ordering groceries online.”
“As the world enters an increasingly digital phase, there is a growing need for secure, low-cost escrow services to manage everything from buying tickets or cars to business-to-business payments, and for some real estate purchases,” Dowie said. “That’s why we are developing our digital escrow platform Verifundr and will start releasing more details over the next month. We continue to develop Verifundr and our stablecoin Spera in parallel to provide a complete and complete digital escrow solution. ”
About the APTY:
APTY is a software development and financial technology company, which focuses on our escrow and payment services Verifundr with a stablecoin named Spera.
Visit www.get.sperastablecoin.com to read our white paper and learn more about our US currency and gold backed stablecoin.
Be sure to follow us on Twitter @APTYsys for timely updates.
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