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June 16, 2014, 11:03:06 PM |
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A further complication appears to be that escrow companies require payment to be made in what they call "good funds" which, among other things, requires immediate availability. Because it would take over a week to move these funds into the USD, meeting that requirement may not be possible.
So there may, in fact, have to be two escrow processes. The first would be with an escrow processor who is familiar with bitcoin who could take us the stage where the second escrow company (the local one) would not have to see bitcoin.
Ditto for the title company. They don't know what bitcoin is and they don't want to think about it.
So, if anyone is game to get into all that, so am I.
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