Piscrow, a third party platform in the Pi Network’s ecosystem that helps to prevent barter scam among pioneers has gone live yet not utilized by Pioneers to settle payments.

Using Piscrow will minimize barter scam to the lowest minimum, if not all. Payments are not made directly to the vendor, until the items paid for arrives, the vendor have no total claim of the payment until the buyer certifies that goods have been received and in perfect condition.

Just like the conventional escrow, Piscrow is a platform where PiCoin is first held on behalf of two other parties that are in the process of completing a transaction. Until each party affirms the completion of the transaction before the Pi amount will then be released to the vendor.

How to use Piscrow for barter payments?

I will advise you to carefully watch the steps highlighted in the video below to understand how it works.👇🏿