Agreed Escrow, based in California, announced on March 11th that it has partnered up with GoCoin to become the first licensed internet escrow provider to accept customers paying with digital currencies through its website domain agreed.com.
Agreed is licensed to operate as an internet escrow mediator in escrows involved in goods and services. It is licensed by the California Department of Business Oversight. Clients of Agreed are now enabled to make payments on its website by utilizing two of the popular cryptocurrencies, bitcoin and litecoin. Other digital currencies are also expected to be added to the website.
Steve Beauregard, Founder and CEO of GoCoin said,
“In order to facilitate its cryptocurrency integration, Agreed has partnered with GoCoin, the leading international payment platform enabling merchants to accept Bitcoin and Litecoin payments at checkout.”
He continued to state that due to the recent downfalls of Mt. Gox and other such events, this initiative by Agreed will aid in reconstructing and renewing customers’ trust in the bitcoin network. People in the bitcoin community have been greatly affected by the fall of Mt. Gox, especially its customers who had much invested in the bitcoin exchange.
Working with bitcoin will allow for payment flexibility, processing made easier and security during transactions. Agreed is in the forerunners of trying to find innovative ways to conduct online transactions. Hence, promoting bitcoin seems like a great initiative and is in line with its philosophy.
Ammar Kubba, Co-Founder and CEO of Agreed said,
“GoCoin’s forward thinking and renowned co-founders, Steve Beauregard and Brock Pierce, are the ideal partners for Agreed as we continue to evolve the online escrow landscape.”
Agreed also takes payments in a variety of currency. For example, it allows the Euros, Japanese Yen, British Pound, U.S Dollar, etc. Currently, it is in the lead of accepting more currencies than any other licensed online escrow service.
It will be a boost to the bitcoin community to have such an operation taking place.
Images Courtesy of Agreed.com